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European automakers need time, not tariffs, to fend off China competition
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People stand near a NIO ET5 car model at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, August 2023. REUTERS/Annegret Hilse

Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event.

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