EU and China clinch deal to curb hybrid car exports

Live updates

1. 1h ago

   EU and China Agree to Curb Hybrid Car Exports

   The European Union and China have reached a deal to limit Chinese exports of hybrid cars, with Brussels claiming Beijing's shipments could fall by more than half. The agreement aims to address European concerns over rising imports while preserving conditions for Chinese manufacturers to access the EU market. EU Trade Commissioner Maroš Šefčovič described the deal as a positive first step.

   Why it matters

   The EU has been pushing for a fundamental rebalancing in trade relations with Beijing, amid fears for European jobs and rising exports from China. The bloc has been concerned about China's growing trade surplus and has sought to address issues such as unfair trade practices and market access.

   What is confirmed

   • China's hybrid car exports to the EU could fall by more than half over four years.
   • The EU and China have reached an understanding to moderate China's hybrid vehicle exports.
   • EU Trade Commissioner Maroš Šefčovič described the deal as a positive first step.

   Still unconfirmed

   • The deal seeks to address European concerns over rising imports while preserving conditions for Chinese manufacturers to access the EU market.

   What to watch next

   • The implementation of the agreement and its impact on European jobs and trade relations.
   • Further negotiations between the EU and China on other trade issues, such as unfair trade practices and market access.
   • The effect of the deal on China's hybrid car exports to other regions.
   Sources used for this update (23)

   1. South China Morning Post — ‘No more dumping, no more spying’: European Parliament hardens line on China
   2. The Economist — How Europe should deal with the new China shock
   3. AP News — EU sends envoy to Beijing as rising exports from China raise economic anxiety
   4. Bloomberg.com — Europe Has Got Its Made-in-China Policy Wrong
   5. politico.eu — China says it reaches ‘understanding’ with EU on hybrid cars
   6. Reuters — China, EU reach hybrid vehicle trade understanding, keep talks alive on EV dispute
   7. The New York Times — China and Europe Agree to Deal to Limit Chinese Exports of Hybrid Cars
   8. Atlantic Council — A French-German non-paper could be a turning point in EU trade defense
   9. The Guardian — China agrees to ‘halve’ hybrid car exports to EU in landmark deal
   10. CNBC — China and Europe agree to cut Chinese hybrid vehicle exports by half
   11. Bloomberg.com — EU Says Accord With China Could Cut Hybrid Car Exports by Half
   12. Boston Herald — Ticker: EU and China strike interim trade deal; Trump aims at Cook, again
   confidence 85%