South China Morning Post·4 min read·hard
EU signals emergency import curbs after dramatic growth in Chinese trade gap
F
Finbarr Bermingham
✦AI Summary
The European Union is considering emergency tariffs and quotas on Chinese imports following a significant increase in the trade deficit. EU trade officials are pressuring Beijing to rebalance its economic model and allow for a freer currency float.
The European Union is prepared to introduce emergency measures to combat China’s extraordinary export surge as new figures showed the trade gap had widened dramatically, its top trade enforcer said on Tuesday.
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