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EU Caps Hybrids
- EU agrees to cap Chinese hybrid car imports at 350,000 units annually, with a 6% yearly increase.
- EU goods trade deficit with China hit €360 billion in 2025 and is projected to rise in 2026.
- German Chancellor Friedrich Merz warned budget cuts are insufficient and noted splits between net contributors and beneficiaries.
- Ireland’s rotating presidency proposed trimming the EU’s seven-year budget to €1.622 trillion, about 8% lower than the Commission’s draft.
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