VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU

The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. The European Union will press ahead with tariffs on China-made electric vehicles, the EU executive said on Friday, even after the bloc’s largest economy Germany and German carmakers rejected them, exposing a rift over its biggest trade row with Beijing in a decade.Read More