Jeep boss: Tariffs on Chinese electric vehicles are a "major trap"!

Smart electric travel

2024-05-24 21:53Posted in Beijing Automotive Creators

Carlos Tavares, CEO of Stellantis, described the tariffs on Chinese electric vehicles as a "major trap" and said that the European automotive industry is in a "Darwinian period". The U.S. announced a new 100% tariff on electric vehicles imported from China, and the European Union is about to decide whether to follow suit; Carlos Tavares said the tariffs would not encourage Western automakers to restructure to meet the challenges posed by Chinese manufacturers. Carlos Tavares has been vocal in his opposition to tariffs on Chinese electric vehicles, saying in February that Stellantis would still have to face Chinese competitors in other important markets — Latin America, Asia, Africa and the Middle East — regardless of what the Western world decides to take.

And Carlos Tavares, CEO of Stellantis, later revealed: "Tariffs are a major trap for those countries that go down this path. When you compete with your competitors for a 30% cost competitiveness advantage and give China the upper hand, there are social consequences. But governments, as well as those in Europe, don't want to face that reality right now. "The new tariffs will exacerbate inflation in the regions where they are imposed, and acknowledge that competing with Chinese competitors will not be easy. According to Carlos Tavares, the cost advantage of Chinese OEMs is 30% higher than that of Western competitors.

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