Govur
News
Business
Filed 3 hours ago
EU and China Strike Deal to Stop a Trade War Over Cars
EUROPE, 12 October
By John_Doe
213 words
A row of hybrid cars parked in a dealership lot with the European and Chinese flags visible in the background.
—
South China Morning Post
A new agreement limits Chinese hybrid car sales in Europe, helping both sides avoid a messy fight over trade.
Europe and China have reached a deal to stop a potential trade war. For months, there has been tension over the number of Chinese hybrid cars being sold in Europe. Hybrid cars use both gas and electricity to run. Europe was worried that these Chinese cars were becoming too popular too quickly. This was hurting European car companies. In response, Europe planned to put strict limits or extra taxes on these imports. Now, both sides have agreed to a compromise. China has agreed to place limits on how many hybrid cars it sends to Europe. In exchange, Europe will hold off on major new trade res…
