EU and China Agree to Curb Exports of Chinese Hybrid Vehicles
STLA Stellantis N.V
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View chart & analysis → - 1The EU and China have agreed to reduce China's hybrid vehicle exports to the EU by more than half.
- 2This agreement will result in a reduction of millions of units in EU car imports over the next four years.
- 3China has agreed to lower tariffs on approximately 4 billion euros worth of EU exports, including auto parts and olive oil.
So what's the key point?
The European Union and China have decided to cut exports of Chinese hybrid cars by more than half. In exchange, China will lower tariffs on 4 billion euros worth of goods such as auto parts and olive oil.
Source Bloomberg +2 · View original ↗
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