EU Takes the Trade Fight to China and Braces for the Backlash
The European Commission will present Diversify EU in December as Brussels seeks to curb dependence on China and answer a trade deficit of €1 billion a day.
5 Articles
5 Articles
EU Seeks New Trade Powers as Deficit With China Widens
The European Union will develop new trade instruments that would empower Brussels to restrict China’s access to its single market, as progress in the auto industry cannot address Beijing’s structural imbalance, European Commission President Ursula von der Leyen said on Oct. 16. Speaking after two days of meetings with European leaders, von der Leyen highlighted the bloc’s widening trade deficit with China, which hit €1 billion ($1.1 billion) a…
The President of the European Commission confirmed Ukraine ' s continued support for and maintenance of sanctions against Russia, and announced the move to impose additional trade restrictions on China to address the growing deficit in the European trade balance.
EU Takes the Trade Fight to China and Braces for the Backlash
European Union leaders rallied behind a tough new set of powers to counter coercive trade practices and, in extreme cases, cut off its market of 450 million consumers from economic rivals such as China.
Von der Leyen announces new restrictions against Chinese imports and uses the trade deficit as a pretext. Chinese researchers respond that the origin of the imbalance is in the lack of European competitiveness.
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