CEO Carlos Tavares said tariffs on Chinese vehicles imported to Europe and the US would only fuel inflation in the regions where they are imposed, potentially impacting sales and production.
Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles and expects significant consequences as a result, the group's Chief Executive Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese vehicles imported to Europe and the United States are "a major trap for the countries that go on that path" and will not allow Western automakers to avoid restructuring to meet the challenge from lower cost Chinese manufacturers. Tavares said that tariffs would only fuel inflation in the regions where they are imposed, potentially impacting sales and production.
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