Volkswagen (VWAGY) CEO Oliver Blume is voicing some concern after the European Union voted to add tariffs as high as 45% on China's electric vehicles. In an interview with Bild am Sonntag, Blume said he hopes for an alternative solution to tariffs on China's electric vehicles and is bracing for potential retaliation from Beijing.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and how Volkswagen weighs on the German economy.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl