Deal limits Chinese hybrid exports
6m
China and the European Union reached a deal limiting Chinese hybrid-car exports, easing trade tensions as European automakers faced growing competition from Chinese models.
Reposted by Iikka Korhonen
Europe can fight the ‘China shock’...
...but it requires Brussels to prioritise creative destruction over protectionism. My latest @financialtimes.com column:
as.ft.com/r/9bf222ea-2...
...but it requires Brussels to prioritise creative destruction over protectionism. My latest @financialtimes.com column:
as.ft.com/r/9bf222ea-2...
October 11, 2026 at 11:49 AM
Europe can fight the ‘China shock’...
...but it requires Brussels to prioritise creative destruction over protectionism. My latest @financialtimes.com column:
as.ft.com/r/9bf222ea-2...
...but it requires Brussels to prioritise creative destruction over protectionism. My latest @financialtimes.com column:
as.ft.com/r/9bf222ea-2...
Reposted by Edgar Morgenroth
So the US economy in ruin over the Iran war of which they will lose and Russia, Irans ally, will be bailed out by the US , so Russia can continue their invasion of Ukraine of which the US will stop supporting Ukraine and the EU will pretend is not happening as they half ban Chinese cars
October 10, 2026 at 7:02 PM
So the US economy in ruin over the Iran war of which they will lose and Russia, Irans ally, will be bailed out by the US , so Russia can continue their invasion of Ukraine of which the US will stop supporting Ukraine and the EU will pretend is not happening as they half ban Chinese cars
1/6
NYT: "Maros Sefcovic, the trade commissioner of the 27-nation bloc, said that the understanding could lead to China’s halving the number of hybrid gasoline-electric cars that it sends to the European Union in the next four years."
www.nytimes.com/2026/10/09/b...
NYT: "Maros Sefcovic, the trade commissioner of the 27-nation bloc, said that the understanding could lead to China’s halving the number of hybrid gasoline-electric cars that it sends to the European Union in the next four years."
www.nytimes.com/2026/10/09/b...
China and Europe Step Back From Trade War With Limits on Chinese Car Exports
The European Union said the deal could roughly halve shipments of hybrid vehicles from China in the next four years. But it also could lead to an even stronger Chinese auto industry.
www.nytimes.com
October 11, 2026 at 5:13 AM
1/6
NYT: "Maros Sefcovic, the trade commissioner of the 27-nation bloc, said that the understanding could lead to China’s halving the number of hybrid gasoline-electric cars that it sends to the European Union in the next four years."
www.nytimes.com/2026/10/09/b...
NYT: "Maros Sefcovic, the trade commissioner of the 27-nation bloc, said that the understanding could lead to China’s halving the number of hybrid gasoline-electric cars that it sends to the European Union in the next four years."
www.nytimes.com/2026/10/09/b...
2/6
This may seem like a victory, but the problem is a systemic one, and not sectoral. Because this agreement does not in any way address either China's demand imbalance or the overall role of the EU in absorbing that imbalance, it won't have much effect on overall EU manufacturing.
This may seem like a victory, but the problem is a systemic one, and not sectoral. Because this agreement does not in any way address either China's demand imbalance or the overall role of the EU in absorbing that imbalance, it won't have much effect on overall EU manufacturing.
October 11, 2026 at 5:13 AM
2/6
This may seem like a victory, but the problem is a systemic one, and not sectoral. Because this agreement does not in any way address either China's demand imbalance or the overall role of the EU in absorbing that imbalance, it won't have much effect on overall EU manufacturing.
This may seem like a victory, but the problem is a systemic one, and not sectoral. Because this agreement does not in any way address either China's demand imbalance or the overall role of the EU in absorbing that imbalance, it won't have much effect on overall EU manufacturing.
3/6
All that will happen is a shift in the locus of net manufacturing imports from China, so that EU producers of hybrids will be better off, but at the expense of other EU manufacturers.
All that will happen is a shift in the locus of net manufacturing imports from China, so that EU producers of hybrids will be better off, but at the expense of other EU manufacturers.
October 11, 2026 at 5:13 AM
3/6
All that will happen is a shift in the locus of net manufacturing imports from China, so that EU producers of hybrids will be better off, but at the expense of other EU manufacturers.
All that will happen is a shift in the locus of net manufacturing imports from China, so that EU producers of hybrids will be better off, but at the expense of other EU manufacturers.
4/6
For historical reasons, trade discussions are usually held on a product-by-product basis, but while that may make sense in a world of broadly balanced trade, it makes no sense in a world of deep, persistent imbalances. China runs huge surpluses not because it produces too many hybrids but...
For historical reasons, trade discussions are usually held on a product-by-product basis, but while that may make sense in a world of broadly balanced trade, it makes no sense in a world of deep, persistent imbalances. China runs huge surpluses not because it produces too many hybrids but...
October 11, 2026 at 5:13 AM
4/6
For historical reasons, trade discussions are usually held on a product-by-product basis, but while that may make sense in a world of broadly balanced trade, it makes no sense in a world of deep, persistent imbalances. China runs huge surpluses not because it produces too many hybrids but...
For historical reasons, trade discussions are usually held on a product-by-product basis, but while that may make sense in a world of broadly balanced trade, it makes no sense in a world of deep, persistent imbalances. China runs huge surpluses not because it produces too many hybrids but...
5/6
rather because of its deep consumption imbalance and the very low household income share of GDP.
As long as that happens, the only recourse for the EU, if it does not want to accept deindustrialization, is either to reduce its own household share of...
rather because of its deep consumption imbalance and the very low household income share of GDP.
As long as that happens, the only recourse for the EU, if it does not want to accept deindustrialization, is either to reduce its own household share of...
October 11, 2026 at 5:13 AM
5/6
rather because of its deep consumption imbalance and the very low household income share of GDP.
As long as that happens, the only recourse for the EU, if it does not want to accept deindustrialization, is either to reduce its own household share of...
rather because of its deep consumption imbalance and the very low household income share of GDP.
As long as that happens, the only recourse for the EU, if it does not want to accept deindustrialization, is either to reduce its own household share of...