China threatens EU with retaliation as EU mulls “kill-switch” to defend its market
AI Summary
The EU is considering a new market-protection tool, described as a “kill-switch,” amid concern about a surge of low-priced Chinese imports. China has threatened retaliation as Brussels and Beijing continue talks on trade.
Despite ongoing talks to rebalance EU-China trade, Brussels is preparing a powerful new tool to shield its market from a surge of cheap Chinese imports.
Politics Markets Commodities EU-China trade trade retaliation market protection Chinese imports trade policy