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The industry is suffering from overcapacity and falling prices.
Overcapacity has forced many factories to cut output.
The manufacturer produces electric vehicles for global markets.
Local manufacturers are struggling to compete on price.
The country exports electronics to Europe and the US.
Companies are looking to export more to overseas markets.
Subsidies can distort market competition.
The report claims that unfair practices distort prices.
The government imposed a tariff on imported steel.
Higher tariffs can lead to trade tensions.