Sefcovic

The European Union will restrict Chinese hybrid vehicle imports to 350,000 units annually for four years, increasing six percent yearly thereafter, while China reduces tariffs on automotive parts and European goods valued at approximately 4 billion euros, according to negotiations led by EU Trade Commissioner Sefcovic.

China initiated an anti-dumping investigation into European Union chemical imports following domestic industry complaints, examining price declines exceeding sixty percent since 2022 amid escalating trade tensions between Beijing and Brussels over competing commercial disputes.