France, Spain, Italy and Netherlands urged the EU to adopt tougher trade defences against what they described as unfair competition and Chinese industrial overcapacity.
In a joint paper ahead of an EU trade meeting, the countries proposed faster tariffs, stronger anti-circumvention rules and new “resilience” tools allowing quotas or duties on overly dominant suppliers. The push reflected mounting concern over surging imports from China and the loss of European industrial jobs.
The initiative marked a broader shift in European trade policy. States previously cautious about protectionism, including Spain and the Netherlands, appeared increasingly willing to back interventionist measures as Brussels hardens its stance toward Beijing.
MrStrange15 on
>It wants the Commission to explore putting additional tariffs on companies rather than products and countries to crack down on circumvention, and to hire more officials to deal with a “backlog” of complaints from industry.
Very interesting idea and would probably cause fewer rrade issues, but also seems almost just as easily avoidable, if you can just make a new company.
2 Comments
France, Spain, Italy and Netherlands urged the EU to adopt tougher trade defences against what they described as unfair competition and Chinese industrial overcapacity.
In a joint paper ahead of an EU trade meeting, the countries proposed faster tariffs, stronger anti-circumvention rules and new “resilience” tools allowing quotas or duties on overly dominant suppliers. The push reflected mounting concern over surging imports from China and the loss of European industrial jobs.
The initiative marked a broader shift in European trade policy. States previously cautious about protectionism, including Spain and the Netherlands, appeared increasingly willing to back interventionist measures as Brussels hardens its stance toward Beijing.
>It wants the Commission to explore putting additional tariffs on companies rather than products and countries to crack down on circumvention, and to hire more officials to deal with a “backlog” of complaints from industry.
Very interesting idea and would probably cause fewer rrade issues, but also seems almost just as easily avoidable, if you can just make a new company.