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China-EU trade talks reach "understanding," China's hybrid car exports to EU may halve
China and the EU have reached an "understanding" after two days of trade talks, with China's hybrid car exports to the EU expected to halve, successfully averting a trade war. EU Trade Commissioner Maroš Šefčovič stated that the EU secured $4.5 billion in improved market access, while the Chinese statement was more cautious.
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