China rejects EU request for voluntary curbs on hybrid car exports as trade talks begin in Beijing: What it means
Reported by LiveMint, not nibnow. We are not the publisher of this story, only the source is.
China's refusal to limit hybrid car exports adds tension to EU-China trade talks and could affect the price and availability of hybrid vehicles in Europe as Chinese manufacturers increase market share.
China has rejected the EU’s request for voluntary curbs on hybrid car exports, adding a fresh hurdle to trade talks in Beijing, Financial Times reported. Brussels is considering import caps or tariff-rate quotas as Chinese carmakers expand their share of Europe’s auto market.
The EU is considering measures such as import caps or tariff-rate quotas to manage the influx of foreign vehicles, tools commonly used in trade policy to protect domestic industries from rapid import growth.
- •EU officials' decision on implementing import caps or tariff-rate quotas for Chinese hybrid cars
- •Further developments in the bilateral trade negotiations in Beijing
- •Potential retaliatory trade actions by China if the EU imposes restrictions