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European carmakers slip on worries over China response to EU tariffs

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** Shares in some European automakers slip again on Thursday on fears of Chinese retaliation after the European Commission's announced tariffs on imported Chinese electric vehicles (EV)

** The pan-European STOXX automobiles & parts index .SXAP falls 2%, leading sectoral losses on the wider STOXX 600 .STOXX index, which is down 0.65%

** "The risk is that China is now also taking actions that would especially hit the German OEMs who are exporting to China," says Stifel analyst Daniel Schwarz

** Among single stocks, Sweden's Volvo Car VOLCARb.ST falls around 6% to lowest level since end-May

** German carmakers Porsche Holding PSHG_p.DE slips around 4% to January lows, Volkswagen VOWG_p.DE and Mercedes-Benz MBGn.DE slide between 3% and 1.7%, respectively

** Auto parts makers and suppliers Forvia FRVIA.PA falls 5%, while Valeo VLOF.PA and Continental CONG.DE are both down around 3%

Reporting by Ozan Ergenay


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