EU ‘safeguards’ hybrid car sector from Chinese imports under new deal

The European Union has struck a deal to protect its hybrid car sector from Chinese imports, which has been welcomed by the auto industry. However, while the auto sector views this as a positive step, other industries caution that China's significant trade surplus could continue without broader measures. This move highlights the EU's focus on safeguarding its automotive market, but it also underscores the challenges in balancing trade protectionism with global economic dynamics. For more details, check out the full article on the Financial Times website.