EU negotiators travel to China for talks on curbing cheap hybrid car imports
Source Summary
EU trade negotiators led by Commissioner Maroš Šefčovič are traveling to China for two days of talks aimed at reaching a deal to reduce Beijing's record £1 billion daily trade surplus by limiting exports of cheap hybrid electric cars to Europe. EU member states have hardened their demands for protection against Chinese imports as negotiations intensify.
Why it matters
The EU-China trade imbalance and competition from low-cost Chinese electric vehicles represent a significant challenge to European automakers and industrial policy.
What remains uncertain
The outcome of the negotiations and whether a breakthrough deal will be reached remain uncertain.
