Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday
WASHINGTON -- The
U.S. and China failed to agree on major new steps to reduce the U.S. trade
deficit with China, casting doubt over U.S. President Donald Trump's economic and
security relations with Beijing. U.S. demands at the
annual economic session in Washington included reducing excess Chinese
steel capacity, reductions in China¡¯s auto tariffs, cutting subsidies for
state-owned enterprises, ending Chinese requirements for data localization and
lifting ownership caps for foreign firms in China.
Global automakers are pressing the Chinese government to delay
and soften ambitious proposals for electric and hybrid car sales quotas, a
letter reviewed by Reuters shows. The letter is a joint protest against China's new-energy
vehicle proposals, which include a goal for hybrids and EVs to make up at least a fifth of industry vehicle sales by
2025 with a staggered system of quotas beginning in 2018.