China and EU deadlocked on medical devices, still talking on PHEV curbs: source

China and the European Union are still unable to reach an agreement on trade in medical devices after discussions in Beijing this week. The deadlock is significant because medical devices are a major category of exports for China, and any restrictions could impact the country's trade balance. The EU's plan to impose import safeguards on Chinese-made plug-in hybrid electric vehicles is also being discussed, which could affect the automotive industry. This ongoing trade dispute is likely to have implications for global trade and markets.

Why it matters

China and the EU are struggling to reach an agreement on medical devices, which could lead to further trade tensions. The deadlock may impact the global trade landscape and affect businesses in both regions.

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