EU and China clinch deal over cars after heated trade talks as Brussels pushes to rebalance trade

AI Summary

The EU and China reached a deal on cars after contentious trade negotiations, which EU Trade Commissioner Maroš Šefčovič called the end of the first phase of talks. Brussels says it is seeking a broader rebalancing of trade relations with Beijing.

EU Trade Commissioner Maroš Šefčovič described the deal as marking the end of the “first phase” of negotiations. Brussels is pushing for a fundamental rebalancing in trade relations with Beijing.