The EU's executive branch will engage with China to address trade imbalances and develop new trade defense tools to counter Chinese industrial overcapacity and reduce overdependence on the Chinese economy.
Ukrainian drones struck the Syzran oil refinery in Russia, over 800km inside the country, causing a fire and killing two people. President Zelenskyy stated this is part of a broader plan targeting Russian oil revenues amid escalating attacks.
The European Commission is working on a new trade weapon as the continent struggles to contend with a flood of low-cost imports from China. The tool may be presented at a May 29 gathering of the European Union’s executive branch, the South China Morning Post reported on Tuesday. Plans for a China-focused meeting were delayed from last month after the US-Israeli war on Iran prompted a new agenda focused on energy prices. It’s not clear what form the instrument will take. Business groups have been...
Brussels is rallying support among EU industry groups for a trade weapon to tackle Chinese overcapacity, as the European Commission races to propose a sweeping new tool this summer. While the contours of the new instrument remain a closely guarded secret, it is expected to be presented to Commission President Ursula von der Leyen on May 29, at a rescheduled debate on China among all 27 commissioners of the bloc’s executive branch. The South China Morning Post previously reported that the...
Brussels is rallying support among EU industry groups for a trade weapon to tackle Chinese overcapacity, as the European Commission races to propose a sweeping new tool this summer. While the contours of the new instrument remain a closely guarded secret, it is expected to be presented to Commission President Ursula von der Leyen on May 29, at a rescheduled debate on China among all 27 commissioners of the bloc’s executive branch. The South China Morning Post previously reported that the...
