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The EU and China reach an interim trade deal to rebalance trade. It will reduce Chinese hybrid exports to the EU and lower tariffs on European goods.
China agreed to halve hybrid car exports to the EU, easing trade tensions, but the bloc still faces a daily deficit above 1 billion euros.
China and the European Union have reached a deal that could cut Chinese exports of hybrid and plug-in hybrid cars to the bloc by more than half, European Trade Commissioner Maros Sefcovic said on Friday in Beijing following talks aimed at reducing the EU's huge trade deficit.