EU Prepares Protective Trade Measures Against Chinese Competition
Published 2 d ago4 sourcesEvidence: Reported
German industry, facing job losses, has reversed its traditional free-trade stance to support Franco-German agreements aimed at shielding Europe from Chinese competition. This marks a significant policy shift in Europe's largest economy, potentially paving the way for tougher EU trade measures. The change reflects growing economic pressure and could escalate trade tensions with Beijing.
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The EU is preparing new protective trade measures against Chinese competition, aligning with a Franco-German proposal and a significant shift in German industrial policy. This move, confirmed by Commission President von der Leyen, includes a 'kill switch' mechanism and has prompted warnings from Beijing, indicating a high risk of escalating trade conflict. Specific measures beyond the 'kill switch' and hybrid car export limits remain largely unspecified.
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