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Why China’s punitive tariffs are an opportunity for Magna

Importing Chinese e-cars could soon become significantly more expensive

(Bild: AFP or licensors)

The EU Commission now actually wants to impose punitive tariffs on imports of Chinese e-cars. This is likely to make their purchase significantly more expensive for consumers - for the vehicle manufacturer Magna in Graz, it is even an opportunity.

The EU Commission headed by President Ursula von der Leyen was actually supposed to make a decision by June 5. However, they waited for the election on Sunday and announced it on Wednesday: From July 4 - if talks with the Chinese side fail to produce an agreement - punitive tariffs are to be levied on imports of Chinese electric cars And in varying amounts.