EU Pressures China on Hybrid Export Limits

Globo

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The European Union has called for China to voluntarily restrict exports of hybrid vehicles as part of its efforts to contain a trade war, said the Financial Times. Brussels wants Beijing to set a ceiling for sales of Chinese hybrids around 15% of the EU market, said the newspaper, quoting people in the news of the negotiations. If they do not limit their exports to our market, we will do so, said an EU authority in a declaration to the FT. The i…

Jornal Expresso

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The aim is to avoid new tariffs and contain the growing entry of Chinese vehicles, the Financial Times today advanced. According to the same newspaper, a European official will have said that if they do not limit exports to our market, then we will do so.

Novinky.cz

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The European Union has asked China to voluntarily limit its exports of hybrid cars in an attempt to avert a trade war, the British newspaper Financial Times (FT) reported on Thursday, citing sources familiar with the situation. According to the sources, Brussels is demanding that Chinese exports should account for a maximum of around 15 percent of the EU's hybrid car market. Currently, this share is more than a third.

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The European Union (EU) called on China to voluntarily restrict exports of hybrid cars to the European market in order to halt a trade escalation between the two blocs.

Handelsblatt

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So far, tariffs only apply to electric cars from China. According to Minister of Finance Klingbeil, this should change, and he also demands new rules for joint ventures.