Andelsblatt this morning reports that Chancellor Angela Merkel personally intervened with Chinese authorities to negotiate a postponement of a proposed Chinese rule that would require German automakers to reserve 8% of next year’s Chinese sales for electric and hybrid vehicles. The German auto industry couldn’t meet the quota, and China agreed to postpone the rule for a year. According to the German daily, China is more willing to compromise with other trading partners now that it faces prospective trade barriers from the US.
US trade threats push others closer
Chancellor Angela Merkel personally intervened with Chinese authorities to negotiate a postponement of a proposed Chinese rule that would require German automakers to reserve 8% of next year’s Chinese sales for electric and hybrid vehicles.
