China Rejects EU's Request for Export Limits on Hybrid Cars Amid Trade Tensions
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China has dismissed the European Union's request for voluntary curbs on hybrid car exports, escalating trade tensions. In response, the European Commission is considering implementing temporary limits, potentially through tariff-rate quotas, to manage the surge in imports of Chinese hybrid vehicles.
The proposed measures aim to control the influx of these vehicles, which could lead to serious trade conflicts between the EU and China. The European Commission's actions mark a significant shift in its approach to trade with China, particularly regarding the automotive sector.
Sources
Every quote below is verbatim from the article it is attributed to.
“European Commission now considering temporary limits to control surging shipments that could trigger serious trade conflict”
FT — China slaps down EU request for voluntary curbs on hybrid car exports“According to Bloomberg, the European Commission is preparing so-called safeguard measures to limit imports of Chinese hybrid vehicles, most likely via tariff-rate quotas that slap a levy on anything above a set volume.”
oilprice — Europe Moves to Curb the Flood of Chinese Hybrid Cars