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China and EU agree deal to moderate Chinese car exports
Original: China, EU reach deal to 'moderate' China's car exports to EU
China and the European Union have reached an agreement to 'moderate' the volume of Chinese car exports to the EU. The deal aims to ease tensions over the surge of competitively priced Chinese electric vehicles into the European market, a flashpoint in trade relations. Further details on the terms and implementation have not yet been made fully clear.
Why now: The agreement follows months of trade friction over Chinese electric vehicle imports and tariffs, making it a major development for the European auto industry.
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