Brussels considers restricting Chinese goods

The European Commission is considering the introduction of a new measure that would allow it to ban Chinese products from entering the European single market, in order to protect local industries from unfair competition posed by Beijing. This move comes in response to the increasing trade deficit with China, which is attributed to the Chinese government’s support for its domestic sectors, impacting job opportunities in Europe. Estimates indicate that the combined European market is valued at over $8 trillion, and China is now the main source of roughly a quarter of the European Union’s imports. Europe is focusing on taking strict measures to prevent Beijing from exploiting differences among member states, amid rising concerns of a potential trade war—especially with a possible visit by the European Commissioner for Trade to Beijing aimed at calming tensions.

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