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Global Business News

The Economic Times

Global Business / The Economic Times

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EU and China strike interim trade deal that could cut Chinese hybrid exports

China and the European Union have agreed on a preliminary trade deal to address trade imbalances. This deal includes reduced tariffs on certain European goods and measures for reliable rare earth supply chains. The EU trade commissioner noted that this agreement could significantly decrease Chinese electric vehicle imports. Both sides aim to resolve the underlying factors contributing to China's substantial trade surplus with the EU.

10 Oct 2026 7:43 am