EU ramps up trade scrutiny against China after being ‘played’

EU ramps up trade scrutiny against China after being ‘played’

In a decisive stride towards reshaping its global economic stance, the European Commission has intensified its trade scrutiny against China.
Published on: 

In a decisive stride towards reshaping its global economic stance, the European Commission, led by Ursula von der Leyen, has intensified its trade scrutiny against China. This move, featuring rigorous investigations into Chinese subsidies in sectors such as electric vehicles, wind parks, and solar technology, aims to counteract unfair competition and safeguard European markets. With probes stretching from solar to railway industries, and impending inquiries into medical device procurement, the EU signals a robust shift towards enforcing fair trade practices. Amidst concerns over economic dependency and competition, these measures underscore the EU's commitment to ensuring a level playing field in the international arena, potentially setting the stage for a trade recalibration with significant geopolitical implications.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By John Ainger and Alberto Nardelli

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage. 

___STEADY_PAYWALL___

Loading content, please wait...

Related Stories

No stories found.
BizNews
www.biznews.com