From EUobserver · · 50s
EU and China Avoid Trade War
EU trade chief calls Beijing's trade concessions a crucial first step to avoid trade war.
In brief
EU trade chief calls Beijing's trade concessions a crucial first step to avoid trade war. EU and China agreed on trade concessions for electric cars, rare earths, and tariffs to avoid a trade war. Originally reported by EUobserver.
EU and China Agree Trade Concessions
EU and Chinese officials agreed on trade concessions covering electric cars, rare earths, and tariffs to avoid a damaging trade war on Friday (9 October).
Trade Commissioner Says 'Crucial First Step'
EU trade commissioner Maroš Šefčovič said he and China’s commerce secretary Wang Wentao made a 'crucial first step' towards rebalancing EU-China trade relations.
“crucial first step”
Joint Statement on Trade Understanding
The two sides reached an understanding on trade in hybrid vehicles in a WTO compliant manner without further details, allowing Chinese EVs to enter the EU at a lower duty rate.
“understanding on trade in hybrid vehicles in a WTO compliant manner”
What to remember
EU and China agreed on trade concessions for electric cars, rare earths, and tariffs to avoid a trade war.
