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Story summary
- European Trade Commissioner Maros Sefcovic and China's commerce ministry reached a deal that could cut hybrid vehicle imports by 50%.
- The agreement lowers tariffs on EU car parts, olive oil and footwear, covering almost €4 billion in exports.
- EU officials say the deal could halve Chinese electric and plug-in hybrid vehicle imports.
- China launched an anti-dumping probe into EU imports of p-nitrotoluene, a dye and pharmaceutical chemical.
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