France, Germany Urge EU Curbs on Chinese Imports as Bloc Faces €1 Billion Daily Deficit
Updated
Updated · Bloomberg · Oct 6
France, Germany Urge EU Curbs on Chinese Imports as Bloc Faces €1 Billion Daily Deficit
3 articles · Updated · Bloomberg · Oct 6
Summary
France and Germany jointly asked the European Commission to adopt new tools to curb Chinese imports, giving Brussels stronger backing as it seeks to rebalance trade ties with Beijing.
A paper and letter to Commission President Ursula von der Leyen proposed faster mechanisms to shield EU industries threatened by Chinese rivals, especially in a potential trade war.
Germany’s support marks a harder line from Europe’s biggest economy, with Chancellor Friedrich Merz and President Emmanuel Macron also backing a new market-closure instrument.
The push reflects mounting concern over an “unsustainable” €1 billion daily EU trade deficit with China and pressure on sectors including autos and pharmaceuticals.