Europe seeks solutions to Chinese export surge
The article discusses the European Union's efforts to address the significant trade deficit with China by exploring protective measures, including the French proposal to adopt defensive measures similar to the US Section 301, aimed at imposing targeted tariffs on Chinese products. The data highlights that public support provided to Chinese companies exceeds, by a ratio of 3 to 8 times, the comparable support in other member countries, contributing to their market dominance and threatening European industries. Europe emphasizes the need to diversify its supplies and achieve a balanced trade exchange, while being prepared to take appropriate countermeasures against China.
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