Firstpost ·
UK warns against China EV tariffs as EU seeks curbs on hybrid car exports
Britain is wary of a trade fight with Beijing, while the EU is seeking voluntary curbs on Chinese hybrid car exports to protect its auto industry and contain a widening trade deficit
Britain cannot afford to impose tariffs on Chinese electric vehicles because Beijing could retaliate against British exports, UK Business Secretary Jonathan Reynolds has warned, as the European Union separately seeks voluntary curbs on Chinese hybrid car exports.
Reynolds said on Wednesday that protecting British carmakers from cheaper Chinese vehicles could trigger a wider trade dispute that would hurt UK businesses exporting to China.
