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EU leaders back developing trade tool targeting Chinese goods

By ChordNews · First written (updated )

EU open to creating ‘kill switch’ weapon to kick Chinese firms out of market
Image: scmp.com
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Summary

EU leaders backed developing a trade tool that could shut Chinese goods out of the market, the South China Morning Post reports. The outlet says European Commission President Ursula von der Leyen signalled her trade team could work on the tool, and that leaders requested a proposal by year-end, citing Bloomberg News for the latter detail. This follows earlier reports that EU leaders would urgently call for new trade tools to tackle the China shock.

This continues an earlier story: Europe moves toward a tougher trade stance on China

Timeline

  1. South China Morning Post

    Source ↗

    The South China Morning Post reports broad support among EU leaders for exploring a trade tool that could quickly eject Chinese companies from the bloc’s market.

  2. South China Morning Post

    Source ↗

    The South China Morning Post reports that EU leaders backed creating a tool to potentially shut out Chinese goods and requested a proposal by year-end, citing Bloomberg News for the request.

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