China agrees to curb hybrid car exports to the EU after Beijing talks

China has agreed to moderate its exports of hybrid and plug-in hybrid cars to the EU, which trade commissioner Maroš Šefčovič said could cut them by more than half. China will also cut tariffs on some EU goods worth almost €4bn and ease export licensing for rare earths and permanent magnets.

• Hybrid exports from China to the EU could fall by more than half
• Tariff cuts cover almost €4bn of EU goods, saving at least €225m
• China will ease export licensing for rare earths and magnets
• A third round of EU-China consultations is planned for March