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Brussels mulls European Market Limits on Chinese Goods
France and Germany have proposed to the European Union the creation of a new trade tool that would allow for a ban on Chinese products in the Single European Market. This measure aims to protect European industries from unfair competition posed by Beijing’s government subsidies to its industries, which have led to an increased trade deficit with China and a decline in dialogue between the two sides. Europe also seeks to prevent the exploitation of differences in customs policies, especially regarding electric vehicles. This comes amid expectations that the European Trade Commissioner will visit Beijing to ease tensions, along with warnings of retaliatory responses from China, including restrictions on the export of strategic raw materials.
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