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EU Caps Chinese Hybrids At 350,000 As Deutsche Maps Every Trade Weapon Left In Europe's Arsenal

EU Caps Chinese Hybrids At 350,000 As Deutsche Maps Every Trade Weapon Left In Europe's Arsenal Brussels has finally picked a rung on the "escalation ladder."  According to a document seen by Bloomberg, the EU will cap imports of Chinese hybrid vehicles at 350,000 cars per year, with the "safeguard measure" taking effect as soon as December 1. The limit rises 6% a year from the second year and the measure runs for four years. And to stay on the right side of the WTO's non-discrimination principle, the cap will formally...
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