EU considers new trade tool against China
The European Union in Brussels is exploring new tools to address the significant trade deficit with China, which exceeds one billion euros daily, resulting from China's production surplus and government subsidies to Chinese companies. Proposed measures include adopting European defensive policies similar to the American "Section 301" system, aiming to impose targeted and flexible tariffs on unfair trade practices, while trying to maintain a balanced trade relationship and avoid escalation into a full-scale economic war. These steps are seen as a response to Chinese practices that undermine European industries, amid ongoing tensions over reliance on rare metals and strategic raw materials.
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