France, Germany Want New EU Trade Tools Against China

France24

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While the European trade deficit with China has reached around EUR 1 billion a day since last year and Beijing is flooding Europe with its products, France and Germany are calling on the EU to adopt a new legal weapon to protect itself in the event of a trade war.

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The proposals from Paris and Berlin were designed for a trade war scenario, for example if a country were to interrupt its supplies of raw materials.

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Berlin wants a measure that could rival America's Section 301 and China's export restrictions.

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French President Emmanuel Macron and German Chancellor Friedrich Merz today called on the European Union to acquire a new legal arsenal to react much more quickly in the event of a trade war, particularly with China. In the letter they sent to Ursula von Leyen and seen by Agence France-Presse, the two leaders […]

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The new measure will not target any specific country.