Europe rallies around tough new China strategy ahead of key summit (opens original article in a new tab)

EU countries are developing a new trade strategy to counter Chinese economic influence, potentially including measures similar to US Section 301 tariffs, as they prepare for a key summit in Brussels.

• EU countries are converging on a new trade strategy to address concerns about Chinese-driven deindustrialisation.
• The strategy may include tools similar to US Section 301 tariffs, inspired by French President Macron's proposal.
• There are ongoing discussions about combining diversification and protective instruments while ensuring compliance with global trading rules.