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EU Seen Losing $11 Billion in China Exports After Phase-One Deal

  • Kiel Institute says ‘very likely’ EU will cede market share
  • Germany to be most strongly affected by trade diversion
relates to EU Seen Losing $11 Billion in China Exports After Phase-One Deal
Photographer: ROLAND MAGUNIA/Bloomberg
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China’s pledge to boost imports from the U.S. under a recently signed trade deal could end up costing the European Union about $11 billion next year.