China has agreed to limit car exports to the EU to avoid a large

China and the European Union have reached a preliminary agreement to limit the export of Chinese hybrid vehicles to the European market. Beijing hopes this will help it avoid tougher trade restrictions from the EU. Bloomberg reports, according to UNN. Details The negotiations concluded with an agreement on 16 points covering trade, investment, export controls, and intellectual property protection. One of the key outcomes was China’s agreement to reduce supplies of hybrid vehicles to Europe. According to Bloomberg, the European Union is preparing safeguard measures against excessive imports. In particular, it is considering tariff quotas that would impose additional duties…