EU and China strike preliminary deal to cap hybrid imports
Summary
The EU and China struck a preliminary deal Friday to sharply limit Chinese hybrid and plug-in hybrid vehicle exports to Europe, Axios reports, with the EU planning an initial annual cap of 350,000 that could begin as early as December. Vehicles above the quota would be blocked rather than charged additional tariffs; Axios says Chinese officials noted Monday that the deal still allows shipments to rise above last year's level. This follows earlier reports that the sides agreed to curb imports, with The Guardian putting the annual limit at 350,000 vehicles.
Timeline
Axios
Source ↗Axios reports that the EU and China struck a preliminary deal to cap Chinese hybrid and plug-in hybrid imports at 350,000 annually, with shipments above the quota blocked rather than subject to additional tariffs.

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