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EU considers limits on Chinese hybrid vehicles
The European Union has moved to impose customs restrictions on hybrid cars manufactured in China in an effort to curb the influx of imports and increase balance in the trade deficit, which exceeds one billion euros daily. Chinese hybrid cars now account for a quarter of car sales in Europe. The measures will include quota restrictions and are expected to serve as a test that could be extended to other sectors facing trade imbalances. The European Commission aims to achieve a balance that serves the interests of local manufacturers while maintaining stable trade relations with Beijing. Current negotiations between the two sides focus on trade, intellectual property protection, and market opening, despite China's opposition to restrictions on its hybrid car exports, emphasizing that such measures violate the rules of the World Trade Organization.
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