World & BusinessEU reportedly seeks 15% market-share cap on plug-in hybrid imports from China
Reuters Breakingviews argues the reported cap echoes a 1980s deal with Japanese carmakers but lacks the same bite.
TLDR
Reuters Breakingviews, citing the FT, says the EU wants Beijing to limit plug-in hybrid imports to 15% of market share. The commentary argues that the cap lacks the bite of a 1980s deal with Japanese carmakers. Even so, it says Brussels’ growing patchwork of policies may stall Chinese exporters’ rapid expansion into Europe.
EU reportedly seeks 15% market-share cap on plug-in hybrid imports from China
Reuters Breakingviews argues the reported cap echoes a 1980s deal with Japanese carmakers but lacks the same bite.
TLDR
Reuters Breakingviews, citing the FT, says the EU wants Beijing to limit plug-in hybrid imports to 15% of market share. The commentary argues that the cap lacks the bite of a 1980s deal with Japanese carmakers. Even so, it says Brussels’ growing patchwork of policies may stall Chinese exporters’ rapid expansion into Europe.