EU and China commit to managing differences, reach understanding on rare earths and EVs

The European Union and China have agreed on steps to manage trade tensions, including a joint statement that calls for an "understanding" on trade in hybrid vehicles and a commitment to facilitate rare earth exports. EU trade chief Maros Sefcovic is in Beijing trying to meet an October deadline that he had set to make significant progress on rebalancing trade. China says it will continue facilitating rare earth export licence approvals for the EU and press on with negotiations to cut tariffs and allow lower-duty entry for Chinese EVS. William Denselow reports from Brussels.