Europe rallies around tough new China strategy ahead of key summit

AI Summary

Europe is assembling a unified tough strategy on China ahead of a key summit in Brussels. EU members from various political backgrounds agree on urgent measures to prevent Chinese-driven deindustrialization, with new trade instruments possibly modeled after U.S. policies.

From free marketeers to long-term interventionists, EU countries of all stripes are converging on the need for urgent action to prevent a Chinese-driven European deindustrialisation ahead of a key summit in Brussels, multiple sources said on Wednesday. A broad coalition of members now support the development of a tough new trade strategy that could involve multiple new instruments and a more rapid-fire, strategic use of existing weapons. One of the tools could be modelled on US President Donald...