EU to Expand Tariffs and Quotas on Chinese Imports in Major De-Risking Push
2 Articles
2 Articles
EU to Expand Tariffs and Quotas on Chinese Imports in Major De-Risking Push
The European Union is preparing to broaden import quotas and tariffs on Chinese goods as Brussels warns that subsidized exports are pressuring parts of Europe’s industrial base. European Industry Commissioner Stéphane Séjourné told the Financial Times that the bloc would “use safeguard clauses in a more general manner on sectors,” arguing ahead of a commission meeting on China that lengthy trade investigations often fail to protect industries qu…
The European Commission is preparing a strategic shift in its trade relationship with China that could result in safeguards, emergency tariffs and import quotas for electric vehicles, batteries and machinery.The bloc does not want to be a mere destination for Chinese industrial surpluses and fears that the deterioration in manufacturing will eventually fuel a large-scale political crisis in the Member States. “We are basically dealing with a flo…
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