Asia

EU signals emergency import curbs after dramatic growth in Chinese trade gap

The European Union is prepared to introduce emergency measures to combat China's extraordinary export surge, its top trade enforcer said Tuesday, as new figures showed the trade gap had widened dramatically. Safeguard measures permitting tariffs and quotas to counter sudden import surges may "become legitimate on a case-by-case basis."

A container port surrounded by cargo cranes
A container port surrounded by cargo cranesPhoto: Wolfgang Weiser / Pexels
South China Morning Post1 h ago

The European Union's top trade enforcer said Tuesday that the bloc is prepared to introduce emergency measures to combat China's extraordinary export surge, after new figures showed the trade gap had widened dramatically.

Denis Redonnet, the EU's deputy director general for trade, told the European Parliament's trade committee that safeguard measures permitting tariffs and quotas to counter sudden import surges may "become legitimate on a case-by-case basis." He added that the bloc was closely monitoring the situation.

The remarks come amid rising trade tensions between the EU and China. Calls from domestic manufacturing sectors for protection against Chinese import pressure are adding to the political pressure on Brussels to act.

TradeRegulationGeopoliticsAsiaSouth China Morning Post
This article is an AI-curated summary of the original story published by South China Morning Post. The illustration is a stock photo by Wolfgang Weiser from Pexels and is not from the original story.

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