China, EU reach hybrid vehicle trade understanding, keep talks alive on EV dispute
The 16-point agreement also sets March talks on broader trade issues, as both sides seek relief from rising trade imbalances and export curbs.
- On Friday in Beijing, European Union and China negotiators "reached an understanding" on trade in hybrid electric vehicles following two days of marathon talks aimed at easing escalating tensions between the two major economies.
- Trade tensions have intensified as the European Union's trade deficit with China widened to about $116 billion in the April-July quarter, while China's global trade surplus hit $1.2 trillion in 2025.
- Beijing is "willing to continue" fast-tracking licenses for rare earth mineral exports to Europe, though both sides weigh import curbs including China's recent anti-dumping investigation into European p-nitrotoluene.
- EU trade chief Maros Sefcovic, who met with Chinese Commerce Minister Wang Wentao and Vice-Premier Lifeng, emphasized that negotiations must deliver "tangible outcomes" to rebalance trade between China and the European Union.
- The joint agreement outlines deliverables from this round of talks, with the Chinese Commerce Ministry stating that negotiations on reducing tariffs and creating minimum price deals will resume in March next year.
38 Articles
38 Articles
China and the European Union reached an agreement on trade in hybrid cars, following consultations between the trade leaders of the two parties. This was reported by the Chinese Ministry of Trade, citing a joint statement on Friday. (ANSA)
As Chinese policy subsidizes electric cars, the EU imposes fines. Hybrid cars are thought loudly about import restrictions. However, they seem to be off the table. China announces a deal. What exactly this involves is open.
Beijing and Brussels reach an understanding after two days of negotiations to try to correct an unbalanced trade relationship, with a European deficit close to 1 billion euros per day Read
Does China flood the European market with cheap hybrid vehicles? This has long been the accusation of domestic manufacturers. Now there could be a deal.
Does China flood the European market with cheap hybrid vehicles? This has long been the accusation of domestic manufacturers. Now there could be a deal.
(Seoul = Yonhap News) Reporter Kwon Sook-hee = China announced on the 9th that it has reached an agreement on hybrid car trade issues through trade negotiations with the European Union (EU).
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