German automobile manufacturers such as BMW, Mercedes-Benz and Volkswagen could be badly hit by retaliatory tariffs because they all have massive production plants in China.
ADVERTISEMENTGermany could be trying to stop the European Union from putting increased tariffs on Chinese electric vehicles (EVs), that are reportedly due to come into force on 4 July, or at the very least, water them down.
The European Union has recently revealed that it could implement tariffs of up to 38.1% on Chinese EV makers. This is following an investigation launched by the EU into several manufacturers, following claims that the Chinese…