VIENNA – Egypt’s move to slash tariffs on imported cars equipped with engines 1.6L or less is triggering another round of debates over what to do for the nation’s auto industry. Kia has halted assembly of Spectra. The government is reducing tariffs on passenger cars with engines up to 1.3L from 55% to 40% and from 1.3L to 1.6L from 100% to 40%. Import tariffs on car components also have been cut. Media reports say the tariff reduction is aimed at fulfilling Egypt’s obligations ...
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