EU weighs new trade tools as China presses for restraint
Brussels is considering a new instrument that could shut out a foreign competitor in severe situations, as its trade gap with Beijing grows. China has called on the bloc to act sincerely and steer clear of protectionism.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
The European Union is weighing a new trade tool that could block a rival from its single market in extreme cases, as its trade deficit with China widens. China has urged the EU to show sincerity and avoid protectionist measures. The European Commission has said it will propose import curbs on other Chinese sectors, going beyond safeguard measures agreed with Beijing to halve inbound shipments.
Why it matters
The reports describe a growing trade dispute between the EU and China, with Beijing warning against protectionism and Brussels pressing for tougher defences against Chinese imports.
Timeline
- Oct 15, 9:01 PM ET: The EU was reported to be seeking a new trade tool that could block a rival from its single market in extreme cases, amid a widening trade deficit and pressure on manufacturers.
- Oct 16, 9:42 AM ET: A spokesperson for China's Ministry of Commerce said both sides should show sincerity in resolving problems and urged the EU to work for healthy and stable bilateral trade.
- Oct 16, 1:54 PM ET: The European Commission said it will propose import curbs on Chinese sectors beyond the safeguard measures agreed with Beijing.
- Oct 17, 12:48 AM ET: China urged the EU not to introduce protectionist measures as Brussels considers new trade tools to reduce its deficit with Beijing.
Coverage
- China urges EU not to introduce protectionist measures (ua.news)
- China warns EU not to ‘fantasise’ on trade approach after ‘kill switch’ threat (South China Morning Post)
- EU to propose import curbs on other Chinese sectors, says EU chief (Yahoo News)
- EU leaders back quick safeguards against Chinese chemical and machinery imports
- EU and China strike hybrid car deal as Brussels readies tougher trade steps
- EU weighs tougher China trade steps after hybrid car deal
- Volkswagen chief presses EU for rules to counter cheaper Chinese brands
- China and EU reach 16 accords, easing rare earth export licences
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