China and the European Union have reached an agreement aimed at reducing the export of Chinese-made hybrid and electric vehicles to Europe by half. The deal follows growing concerns over market competition and trade imbalances between the two economic powerhouses. Under the terms, China will implement stricter quotas on vehicle exports, while the EU has agreed to provide greater market access for Chinese goods in other sectors. The pact marks a significant step in managing trade tensions while addressing environmental and industrial policy priorities.
China and EU strike deal to halve Chinese hybrid exports The Japan Times
