BMW CEO Milan Nedeljkovic backs voluntary pricing agreements rather than tariffs to address the threat of low-cost Chinese car imports to European industry, he told the newspaper FAZ in an interview published on Tuesday. "Some Chinese cars are being offered here at prices that are not comprehensible from a business perspective," Nedeljkovic said, adding that this risked fuelling protectionist tendencies in Europe. The European Union is assessing measures to address what Commission President Ursula von der Leyen calls an "unsustainable" trade deficit with China.