China agreed to cut millions of hybrid car exports to the European Union over the next four years, easing simmering trade tensions ahead of a key meeting of European leaders later this week. The deal will slow exports to half or less the pace currently predicted by the EU, the bloc’s trade chief, Maros Sefcovic, told a press conference in Beijing on Friday after two days of negotiations. Next year alone, it will pare shipments by up to 700,000 vehicles and trim as much as €14 billion (US$16...

US President Donald Trump pressed Chinese counterpart Xi Jinping during last month’s summit to end a deep freeze in relations with Japan’s Sanae Takaichi, the South China Morning Post reported. Trump raised Japan’s grievances over Chinese restrictions imposed following Takaichi’s comment in November that the Japanese military might intervene in the event of conflict in the Taiwan Strait, according to Thursday’s report, which cited people familiar with the discussions. Beijing regards Taiwan as...