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BMW CEO opposes tariffs on Chinese cars, backs voluntary pricing deals

Milan Nedeljkovic warns of protectionist risk from low-cost Chinese imports but rejects EU duties.

newest coverage 1d agosummary written 22h ago2 pieces14 likes & upvotes NewswiresBluesky

What to know

  • BMW CEO rejects EU tariffs on Chinese cars as excessive intervention, citing trade escalation risk.
  • Nedeljkovic acknowledges pricing pressure from low-cost Chinese imports but calls for voluntary agreements and dialogue instead.
  • BMW has previously criticized current EU duties on Chinese EVs and warned of trade conflict risks.

“Additional tariffs would constitute an even greater intervention, which is why I support voluntary agreements based on fair conditions.”

Milan Nedeljkovic, BMW CEO · FAZ (via Reuters/Yahoo Finance) ↗ · Sep 21

Milan Nedeljkovic BMW CEOUrsula von der LeyenUrsula von der Leyen European Commission President

BMW CEO opposes tariffs on Chinese cars, backs voluntary pricing deals
Yahoo Finance

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    “Some Chinese cars are being offered here at prices that are not comprehensible from a business perspective.”
    — Milan Nedeljkovic
    1. 1 outlet BMW CEO sees risk of cheap Chinese cars in Europe but opposes tariffs

      first by Yahoo Finance, 1d ago