EU's China Trade Strategy Is Shifting From Defense to Industrial Coordination
4 Articles
4 Articles
Large European industrial groups, including in minerals, chemicals and car parts, demand swift protections from what they describe as unfair competition by Beijing.
44 industry associations representing strategic sectors such as metals, chemicals, and automotive parts in Europe have called on European Union countries to take urgent action against China's unfair trade practices. The associations stated that current practices threaten European manufacturing and lead to job losses.
Forty-four European industry associations have called on EU countries to take immediate action against China's trade practices, which they say are threatening European manufacturing and risking further job losses. The initiative, which includes representatives from the metallurgical, chemical and automotive sectors, comes a week before EU leaders meet in Brussels to discuss relations with China and the growing trade deficit, which is now running…
EU's China trade strategy is shifting from defense to industrial coordination
The appeal by 44 European industry associations strengthens the political case for a tougher EU response to Chinese competition. Its significance lies in the breadth of the coalition, spanning metals, chemicals and automotive components, and its argument that trade pressures threaten interconnected manufacturing activities. Ahead of the Brussels summit, the associations are seeking to turn concern about individual products into a coordinated in…
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