Panama experiences a 6.1-magnitude earthquake and over 200 aftershocks days after a 7.7-magnitude quake

Updated 2026-10-14 · told from many outlets at once

A magnitude 7.7 earthquake struck Panama today. The deal is aligned with WTO rules and aims to protect European manufacturers from unfair competition.

• The EU and China agreed to halve Chinese hybrid car exports to Europe over four years.
• The EU's trade deficit with China reached over 370 billion euros in 2025.
• The EU and China reached a deal to reduce Chinese hybrid vehicle imports by more than half.
• The EU will limit annual Chinese hybrid vehicle imports to 350,000 vehicles.
• China agreed to reduce tariffs on certain goods worth €4 billion.
• China will reduce hybrid exports to 50% of current levels over four years.
• The agreement aims to prevent escalation of trade tensions and protect European manufacturers.
• The agreement is compatible with WTO rules and includes simplified rare earth export licenses.
• The EU and China agreed to strengthen dialogue to resolve trade tensions.
• Panamanian president José Raúl Mulino said china produced 30% of all global industrial goods.
• More than 44% of newly registered cars in August were hybrids or plug-in hybrids.
• Chinese hybrid vehicles captured 25% of Europe's new-car market in August.
• Chinese brands accounted for over 26% of the Western European plug-in hybrid market in Q2.
• Volkswagen CEO called for a regulatory framework to counter Chinese competition.
• European-Mediterranean Seismological Centre said an increase of six percent is permitted after the first year of the import limit.
• The EU intends to protect its market from unfair competition.

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