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Switzerland tries to flatten out peaks of Alpine visitors
Switzerland tries to flatten out peaks of Alpine visitors
by  AFP

Switzerland's tourism agency said Thursday that it was trying to even out the flow of holidaymakers throughout the year to protect the Alpine country from the risks of excessive tourism. Switzerland Tourism nonetheless wants to be proactive in protecting a sector that generates 43 billion francs ($48 billion) a year and 4.5 percent of the country's GDP, according to Nydegger.

EU slaps Chinese electric cars with tariffs of up to 38%
EU slaps Chinese electric cars with tariffs of up to 38%
by  AFP

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.

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