EU restates readiness to launch trade war with China over cheap imports - News Summed Up

EU restates readiness to launch trade war with China over cheap imports


In response, Xi said his country and the EU should strengthen their “strategic cooperation” and remain “partners” despite numerous disputes ranging from trade to human rights. The US treasury secretary, Janet Yellen, has warned China that Washington would not accept new industries being “decimated” by Chinese imports. Von der Leyen was blunt after the meeting but insisted China had time to change direction. Von der Leyen praised Xi for the “important role” he played in “de-escalating Russia’s irresponsible nuclear threats“ and said the EU counted on China “to use all its influence on Russia” to end the war. The competition commissioner, Margrethe Vestager, last month announced the EU would use its foreign subsidies regulation to launch an inquiry into Chinese wind turbine manufacturers.


Source: The Guardian May 07, 2024 04:09 UTC



Loading...
Loading...
  

Loading...