Brussels and Beijing have reached a first-of-its-kind agreement to cut Chinese hybrid vehicle shipments to the bloc by more than half over four years, as the EU seeks to protect its automotive industry and narrow a daily trade deficit of €1.18bn.
China Agrees to Halve Hybrid Car Exports to EU in Landmark Trade Deal
Brussels and Beijing have reached a first-of-its-kind agreement to cut Chinese hybrid vehicle shipments to the bloc by more than half over four years, as the EU seeks to protect its automotive industry and narrow a daily trade deficit of €1.18bn.
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