
The EU is taking tough measures against China for the first time. Beijing is defending itself against the impression of targeted deindustrialization of Europe.
AI-generated summary
The EU is responding to a flood of imports from China with tougher measures.
Measures against flood of imports The EU is putting pressure on China for the first time. Neither side wants a trade war.
The EU has now used the harshness that China likes to apply to others - against China. The leadership in Beijing is resisting the impression that they want to specifically deindustrialize Europe.
By Bernhard Zand
October 9, 2026, 2:45 p.m

The Asian online platforms Temu, Shein and AliExpress recorded a 35.5 percent decline in sales in Germany in the third quarter. The reason is new customs duties for small shipments from third countries, which reduce the price advantage of cheap products.

The EU Commission is expected to decide on UniCredit's takeover plans for Commerzbank by November 16th. The major Italian bank secured a large share despite resistance.

After a significant price loss below the 25,000 point mark, the Dax recovered slightly on Friday. Investors are drawing hope from easing bond markets and statements from US President Trump as EU finance ministers meet in Luxembourg.

Beijing rejects Western calls for yuan appreciation to reduce export surpluses. Internally, however, there are voices in the Chinese elite who consider a moderate appreciation to be manageable and economically sensible.

According to Beijing, the EU and China have reached an agreement in the trade dispute over hybrid and electric cars. The agreement is intended to be in line with WTO rules and concerns, among other things, price commitments and raw material deliveries.

SpaceX has acquired spectrum for $8 billion to provide satellite-based cellular services. The news had a significant impact on the share prices of major telecommunications companies such as T-Mobile, AT&T and Deutsche Telekom.