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A report about possible Chinese tariffs on high-performance cars put pressure on manufacturers' share prices on Wednesday. According to insiders, China could impose tariffs of up to 25 percent on...
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China may temporarily raising tariffs on imported cars with engines larger than 2.5 liters, which could legally reach up to 25 per cent under World Trade Organisation rules. Key manufacturers likely to be affected by these tariffs include Toyota, Mercedes-Benz, and BMW
Meanwhile, Stellantis' CEO calls tariffs a "trap", and BMW and Mercedes' plants in the U.S. could see tariff payback from China.
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