Politics · Germany · 1 day ago

Experts urge EU to prepare stronger trade measures against China

Experts urge EU to prepare stronger trade measures against China

A commission appointed by Germany’s parliament, the Bundestag, recommends that the EU prepare stronger trade measures against China.

It says the EU should be able to respond if China escalates trade disputes.

The commission reviews economic ties between Germany and China that relate to security, and includes experts from 13 organizations.

It argues that access to the EU’s single market could give Europe leverage because China’s economy relies heavily on exports.

The head of Germany’s industry association says the EU should keep talking with China while defending its economic interests.

The EU has agreed that China will limit exports of hybrid cars to Europe, but one commission member says tariffs on imports that threaten European production would be more targeted.

He says tariffs could remove price advantages that Chinese manufacturers gain from market distortions.

The recommendations call for stronger EU tools, but no further steps are specified.

Sources

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