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EU-China Deal Could Cut Hybrid Vehicle Imports 50%

By Drooid · · How we work

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Story summary
  • European Trade Commissioner Maros Sefcovic and China's commerce ministry reached a deal that could cut hybrid vehicle imports by 50%.
  • The agreement lowers tariffs on EU car parts, olive oil and footwear, covering almost €4 billion in exports.
  • EU officials say the deal could halve Chinese electric and plug-in hybrid vehicle imports.
  • China launched an anti-dumping probe into EU imports of p-nitrotoluene, a dye and pharmaceutical chemical.
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