EU seeks limits on Chinese auto exports in Beijing talks
European officials are heading to Beijing to press China for steps to reduce a widening trade surplus and surging exports of high-end manufactured goods, especially electric and hybrid vehicles. Brussels cites a retooled Chinese economy that now leads in batteries, solar panels, wind turbines and electric cars, and warns that those exports outstrip domestic demand and threaten EU manufacturers and jobs. The EU has already imposed an electric car tariff, but hybrid exports jumped from under 4,000 to 50,000 vehicles monthly, and the trade gap with China runs at over $1 billion a day, prompting talks over voluntary limits and other measures.
China's export surge threatens EU manufacturing and jobs
Context
China has shifted toward higher-end manufacturing and now leads in batteries and electric…
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- Watch PointsEU decision on voluntary export limits…Locked
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