Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › China, EU take a breath after surprise deal brings...
Business & Finance

China, EU take a breath after surprise deal brings temporary halt to trade tussle

China, EU take a breath after surprise deal brings temporary halt to trade tussle
South China Morning Post Monday 12 October 2026, 11:56 UTC By Finbarr Bermingham,Xiaofei Xu 1 min read
Key Points

Weeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war – a cooldown augmented by Beijing’s subsequent reduction of value-added tax (VAT) export rebates...

Weeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war – a cooldown augmented by Beijing’s subsequent reduction of value-added tax (VAT) export rebates on...
China (LOCATION) EU (ORG) Chinese (ORG) European (ORG) Beijing (LOCATION)
Originally published by South China Morning Post Read original →

Related Stories

Making sense of two confusing decisions: Barnwell on the Commanders' folly, the Texans' trade for Harrison

Two very different decisions -- one on the field and another off it -- had me asking the same question by Sunday afternoon on Week 5: What are they thinking? There were the Commanders, who bizarrely decided to run the clock late in overtime against the Giants in field goal range and saw the game end without ever getting a chance to attempt the game-winning kick. And there were the Texans, who won their first game of the season and celebrated by making a surprisingly aggressive move on...

ESPN just now

FAA warns U.S. airlines of safety risks over Saudi Arabia after attacks

The Federal Aviation Administration told U.S. airlines to exercise caution when flying in or around Saudi Arabia after deadly attacks claimed by Yemen's Iran-backed Houthis, which have shut down the airport in the Saudi capital. King Khalid International Airport in Riyadh, Saudi Arabia, remains closed as of Monday after attacks that started last week. The attacks escalated Saturday, when a projectile struck a passenger terminal at the airport, officials said, killing at least 12 people and...

CNBC 17m ago

From superstar signings to under-the-radar finds: How each of MLB's four remaining teams were built

Every contender is built a little differently. That's certainly the case for this year's MLB final four. We have baseball's biggest revenue team and three clubs that have won with youth and/or efficient spending.

ESPN 27m ago

Video shows major fire ravaging 400-year-old Paris food market

A major fire has devastated the Marché des Enfants Rouges in central Paris, destroying the historic covered market in the early hours of Monday. Located in the Marais district in the capital’s 3rd arrondissement, the market dates back to 1615 and is the oldest covered food market in Paris. It is a popular destination for street food, fresh produce and local traders.

Euronews 28m ago