EU plans safeguards for Chinese chemicals and machinery
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The European Commission is evaluating trade safeguards to protect the European chemical and machinery industries from rising Chinese imports. Following a recent agreement by Trade Commissioner Maroš Šefčovič to cap annual Chinese hybrid vehicle imports at 350,000 units next year, European leaders are seeking further protective tools amid a growing trade deficit. In 2025, China overtook Germany as the world's largest machine-tool exporter with €8.6 billion in exports, while its share of EU chemical imports doubled to 18 percent over the decade.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu