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MNI: EU Cautious As China Offers EV Quota - Officials

EU officials provide an update on the dispute with China over electric vehicle imports.

MNI (BRUSSELS) - China has offered to voluntarily limit the number of electric vehicles it exports to the European Union and to exercise restraint in their pricing, in a last-ditch bid to head off planned tariffs, but the European Commission has responded cautiously, EU officials told MNI.

With member states due to vote soon on whether to make provisional countervailing tariffs averaging 20.8% on Chinese electric vehicles permanent, China has yet to put a number on the size of its voluntary quota, with discussions so far limited to the principles of any such scheme, sources said. They added that it would be difficult for the Commission itself to suggest a quota size, since this could undermine the conclusions of its investigation into China’s subsidies of its EV sector. (See MNI: EU-China Near EV Deal Amid Fears Over Trump, Growth)

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MNI (BRUSSELS) - China has offered to voluntarily limit the number of electric vehicles it exports to the European Union and to exercise restraint in their pricing, in a last-ditch bid to head off planned tariffs, but the European Commission has responded cautiously, EU officials told MNI.

With member states due to vote soon on whether to make provisional countervailing tariffs averaging 20.8% on Chinese electric vehicles permanent, China has yet to put a number on the size of its voluntary quota, with discussions so far limited to the principles of any such scheme, sources said. They added that it would be difficult for the Commission itself to suggest a quota size, since this could undermine the conclusions of its investigation into China’s subsidies of its EV sector. (See MNI: EU-China Near EV Deal Amid Fears Over Trump, Growth)

Keep reading...Show less