Diess, speaking ahead of the Beijing autoshow, said that the German car maker also had no plans to alter its current joint venture partnerships in China, the world's largest auto market, after the country said it would loosen ownership rules.

Reuters

Volkswagen AG's chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing.

Diess, speaking ahead of the Beijing autoshow, said that the German car maker also had no plans to alter its current joint venture partnerships in China, the world's largest auto market, after the country said it would loosen ownership rules.

Volkswagen CEO Herbert Diess says China tax hike on US vehicle imports would sting

Diess, speaking ahead of the Beijing autoshow, said that the German car maker also had no plans to alter its current joint venture partnerships in China, the world's largest auto market, after the country said it would loosen ownership rules.