Volkswagen CEO: China is open for discussion on tariffs

BERLIN (Reuters) – Volkswagen’s chief executive said China and Europe should build tariff systems that reward those who invest in domestic car production, adding that the Chinese ministers he recently met in Beijing were open for discussion and aiming for a fair solution.

“When they invest in Europe and work together with European countries, that’s positive and should be taken into account… when we invest in China, we want to benefit from the same deal,” Oliver Blume said, speaking after the carmaker released second quarter results.

(Reporting by Victoria Waldersee, Editing by Miranda Murray)

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