EU tightens China stance to shield European industry

EU trade commissioner Maros Sefcovic pressed China’s Wang Wentao, warning that Europe’s market share in China is shrinking as Chinese exports to the bloc rise, and backing tougher measures such as overhauling the Cyber Security Act, an Industrial Accelerator Act prioritising EU-made goods, and sourcing-diversification rules for sensitive sectors; with July 1 duties on steel and a small-parcel customs charge looming, the bloc seeks to avoid a full-blown trade war while carmakers face job cuts amid EV competition, and Sefcovic and Wang outlined four workstreams and a joint trade-monitoring mechanism to pursue meaningful concessions.