Germany urges compromise in EU-China EV row

The German automotive sector is not happy with the recent tariffs imposed on Chinese-made electric cars, as they believe it will harm trade and employment. Germany voted against these tariffs and is calling for a compromise between Beijing and Brussels. The German government is urging the EU and China to find a solution through ongoing talks. The European Commission announced the tariffs after finding that Chinese state subsidies were undercutting European automakers. The situation is causing concern for companies like Volkswagen, BMW, and Mercedes, with warnings of job cuts and falling profits. Trade disputes like this are seen as detrimental to global trade and prosperity.