EU caps Chinese hybrid imports at 350,000 annually in trade rebalancing deal
The Reuters segment details the EU's growing trade imbalance with China, citing a €360 billion goods deficit in 2025 equivalent to €1 billion daily, widespread sector impacts including machinery, chemicals, textiles and cars, and reliance on China for lithium and rare earths. It covers three months of negotiations culminating in a hybrid-vehicle agreement limiting Chinese plug-in and non-plug-in hybrid imports, plant closures and job losses at Volkswagen, and Ursula von der Leyen's declaration of a "tipping point." The second half outlines upcoming EU summit discussions on competitiveness, a planned diversification instrument for critical supplies, potential safeguard measures in chemicals and plastics, and further talks scheduled for January and March 2027.
Source: Reuters