Chinese automakers reportedly seek retaliatory tariffs on EU cars

News Snapshot:

Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels’ curbs on exports of Chinese-made EVs, the state-backed Global Times newspaper said on Wednesday. In a closed-door meeting on Tuesday also attended by European car companies, China’s auto industry “called on the government to adopt firm countermeasures (and) suggested that positive consideration be given to raising the provisional tariff on gasoline cars with large-displacement engines,” according to the report. The meeting, organized by China’s Ministry of Commerce, was held in Beijing and attended by SAIC, BYD , BMW, Volkswagen and Porsche, two people...