🇨🇳 Beijing threatens the EU with retaliatory measures
China’s Ministry of Commerce warned the European Union of a “resolute counterattack” should Brussels introduce discriminatory restrictions against Chinese companies or products.
The trigger was reports that Germany and France are working on a proposal to create a European counterpart to the US mechanism “Section 301” in order to better protect the market from unfair competition. Beijing describes such an instrument as protectionist and warns that, amid continued trade negotiations, the pressure would undermine mutual trust between the EU and China.
Following the stabilization of Beijing’s relations with Washington, a new major trade conflict between China and Europe is taking shape ever more clearly.
💥 Our channel: Node of Time EN
China’s Ministry of Commerce warned the European Union of a “resolute counterattack” should Brussels introduce discriminatory restrictions against Chinese companies or products.
The trigger was reports that Germany and France are working on a proposal to create a European counterpart to the US mechanism “Section 301” in order to better protect the market from unfair competition. Beijing describes such an instrument as protectionist and warns that, amid continued trade negotiations, the pressure would undermine mutual trust between the EU and China.
Following the stabilization of Beijing’s relations with Washington, a new major trade conflict between China and Europe is taking shape ever more clearly.
💥 Our channel: Node of Time EN