EU leaders to ‘urgently’ call for new trade weapons to tackle China shock
Brussels plans new measures to tackle trade imbalances even after a surprise deal with Beijing to limit Chinese hybrid car imports
Leaders of the EU’s 27 member states will instruct Brussels to “urgently” come up with new weapons to counter the imbalances they believe are caused by China’s economic policies, at a meeting in the Belgian capital on Thursday.
“One swallow does not make a summer, but it’s a first result and the start of a process to get China to moderate its exports,” said a senior diplomat, speaking on condition of anonymity.
