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EU Plans Broader Import Limits on China | Markets & Money News
On October 16th, the European Commission announced plans for new import restrictions on Chinese goods to address trade imbalances, following a prior agreement to reduce hybrid car imports from China. With the EU's trade deficit exceeding one billion euros daily, President Ursula von der Leyen emphasized the need for broader measures. French President Emmanuel Macron advocates for additional curbs in sectors like chemicals and plastics. The Commission is also set to establish a new tool to
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