Chinese Automakers Call for Tit-For-Tat Tax Rise of 25%on Large EU Cars

(Bloomberg) — Chinese carmakers have urged Beijing to adopt the “most severe measures”, including a tax of 25% on large-engined cars made in the European Union, in response to Brussels’ tariffs on electric vehicles (EVs) made in China, a report said Wednesday.

The companies made the demand in a closed-door meeting with Beijing’s Ministry of Commerce attended by four Chinese and six European auto manufacturers, as well as industry and research bodies, on Tuesday, according to an article published online by the state broadcaster CCTV.