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China and the E.U. agreed to limit Chinese hybrid car exports. Over four years, fewer than half as many are set to arrive as projected.
Beijing would cut exports of hybrid cars to the bloc by more than half, with the EU successfully forcing the Xi Jinping administration to address the ballooning trade deficit with the bloc.
EU and China agree limits on hybrid-car exports; EU to enact safeguards from Dec. 1 using tariff-rate quotas as talks continue to rebalance trade.