China-EU car deal eases trade tensions for now at least

China's agreement to reduce hybrid car exports to the European Union by millions over the next four years has temporarily eased trade tensions, crucial ahead of a significant European leaders' meeting. This deal will cut exports by half or more than previously predicted, with a reduction of up to 700,000 vehicles next year alone, saving the EU around €14 billion. This move is significant as it helps defuse potential trade wars and maintains economic stability between two of the world's largest economies.