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International Business Times
International Business Times
Business

EU Car Industry Sees Relief - And Pain - In US Trade Deal

Shares in German carmakers plunged after the EU-US trade deal was announced (Credit: AFP)

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox.

German auto companies in particular were in for a great deal of export pain, as their share prices indicated.

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