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Industrial Accelerator Act

All articles tagged with #industrial accelerator act

Beijing signals countermeasures over EU 'Made in Europe' push
world1 month ago

Beijing signals countermeasures over EU 'Made in Europe' push

China criticised the EU's Industrial Accelerator Act for imposing restrictive foreign-investment requirements and potentially violating WTO rules, warning it could retaliate; Brussels defends the plan as a job- and security‑oriented move to boost European, low‑carbon production with EU-content thresholds (70% for EVs, 25% for aluminium and cement) across three sectors, and says dialogue is possible, though countermeasures remain on the table if talks fail.

Beijing warns Brussels on Made in Europe plan, vows countermeasures
world1 month ago

Beijing warns Brussels on Made in Europe plan, vows countermeasures

China criticized the EU's proposed Made in Europe rules, calling them systemic discrimination and promising countermeasures if enacted. The plan would require local-content thresholds for public funds in sectors like cars, green tech and steel, aiming to bolster Europe’s industry; Beijing said it would safeguard its firms’ rights and interests, reflecting rising tensions in EU–China trade.