Updated
Updated · Bloomberg · May 21
China Warns EU of Retaliation Over New Import Curbs as Trade Tensions Rise
Updated
Updated · Bloomberg · May 21

China Warns EU of Retaliation Over New Import Curbs as Trade Tensions Rise

1 articles · Updated · Bloomberg · May 21
  • China said it will take countermeasures if the European Union moves ahead with tougher new restrictions on Chinese imports, escalating a trade dispute between the two sides.
  • Commerce Ministry spokesman He Yadong tied the warning directly to the EU’s overcapacity concerns, arguing that a trade surplus alone cannot justify labeling China’s industries as excessive.
  • He challenged the EU’s logic by asking whether Europe would then be deemed to have overcapacity in cars, pharmaceuticals, wine and cosmetics.
  • The warning signals that any fresh EU curbs on Chinese goods could trigger a broader tit-for-tat trade confrontation.
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