Von Der Leyen Eyes Curbs on Chinese Chemicals, Machinery Next
The Commission is weighing import quotas, tariffs and emergency brakes as member states back action against low-cost Chinese competition.
10 Articles
10 Articles
The Twenty-seven are concerned about their trade deficit with China, which they have estimated at 1 billion euros a day. Until now, the European Union, which accuses Beijing of unfair competition practices to subsidize its industries, had focused on the automobile industry with instruments to reduce this trade imbalance. The European Commission is now studying developing these trade instruments to impose them on other sectors, such as chemicals …
The European Union started the assessment of trade data to detect increased imports, the first step towards imposing import quotas on additional commodity sectors in China and other countries, told Bloomberg sources that they wanted to keep their anonymity.
The European Union has begun the assessment of trade data to detect increased imports, the first step towards imposing import quotas on additional commodity sectors in China and other countries, have declared to Bloomberg sources that they wanted to keep their anonymity, transmits Agerpres. The European Commission is analysing the situation in various sectors, including industry ...
The 27 call on the EU Council to extend the roofs on Chinese imports to other sectors on the model of the hybrid car agreement. Germany, which this year will see its trade deficit with China exceed 100 billion euros. But Beijing warns that there will be no other concessions. In the background a negotiation for the lifting of sanctions to a company accused of helping Russia in exchange for the rare lands for the Asml chain
Chinese chemicals and machinery in EU crosshairs as leaders back trade curbs
Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during a meeting between the EU’s top leaders in Brussels on Thursday. European Commission President Ursula von der Leyen told the bloc’s 27 member states that the EU should consider quickly introducing safeguard measures, which can involve import quotas and tariffs, to shield these sectors from a wave of cut-price alt…
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