EU Prepares Rescue Plan as Chinese Chemicals Flood the Market
TL;DR Summary
Brussels is weighing broad trade protections to curb a flood of cheap Chinese chemicals that is forcing plant closures and job losses across Europe; the Commission is considering sectoral quotas, tariffs, or an overcapacity instrument, but investigations are slow and industry fear time is running out as China’s imports rise and EU capacity falls amid high energy costs and carbon prices.
- China is killing Europe’s chemicals industry. Brussels wants to intervene. politico.eu
- EU conservative chief urges tougher China trade stance, Bild am Sonntag reports Reuters
- China’s Trade Imbalance With EU Swells as Imports Slip Again Bloomberg.com
- Europe has had enough of China’s export surge Atlantic Council
- China's all-round dominance, from batteries to medicine, from high-speed trains to AI Le Monde.fr
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