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EU moves toward curbs on Chinese chemicals, machinery imports

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Neutral summary

The European Union has started assessing trade data to detect surges in imports, a first step toward placing quotas on additional sectors of goods shipped from China and other countries, Bloomberg reported, citing a person familiar with the matter. Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during a meeting of the bloc's top leaders in Brussels on Thursday, according to South China Morning Post. Commission President Ursula von der Leyen told the 27 member states that the EU should consider quickly introducing safeguard measures, which can involve import quotas and tariffs, to protect these sectors from a wave of cut-price alternatives from China. EU leaders supported creating a tool to potentially shut out Chinese goods as a growing flood of low-cost imports pushed the bilateral trade deficit to a record, and requested a proposal by year-end, Bloomberg News said. The move follows a deal with China to curb imports of hybrid vehicles. China last year overtook Germany to become the world's largest exporter of machine tools, NIN noted. Meanwhile, a Chinese Commerce Ministry spokesperson said Beijing is ready to work with the EU to promote bilateral trade in dual-use items through the export control dialogue mechanism, CGTN reported. German trade researcher Nicolas Köhler-Suzuki told Wirtschaftswoche that the EU's system is "simply overwhelmed" by China's approach, but the bloc does not have to watch the import flood idly.

How it was framed

Outlets: 7. Countries: 6. Facts in the shared core: 1.

Publication timeline

  1. · CGTN (outlet profile)

    China says it willing to promote trade in dual-use items with EU. China is ready to work with the European Union (EU) to continue to leverage the role of the export control dialogue mechanism and promote the development…

  2. · Wirtschaftswoche (outlet profile)

    Handel der EU mit China: „Unser System ist mit dem Vorgehen Chinas schlicht überfordert“. Muss die EU der Importflut aus China tatenlos zusehen, um den freien Welthandel zu retten? Keineswegs, sagt der Handelsforscher N…

  3. · Politico Europe (outlet profile)

    Von der Leyen eyes curbs on Chinese chemicals, machinery next. Brussels is looking at ways to protect the two industries, after a deal with China to curb imports of hybrid vehicles.

  4. · Wirtschaftswoche (outlet profile)

    Europa vs. China: Im Reich der Tritte. China flutet die Weltmärkte mit Autos, Maschinen und Konsumgütern. Die EU wehrt sich mit Zöllen und Quoten. Wird das reichen, um Europas Industrie zu schützen?

  5. · Politico Europe (outlet profile)

    EU-Kommission plant Safeguards für chinesische Chemikalien und Maschinen. Brüssel prüft derzeit Möglichkeiten zum Schutz dieser beiden Branchen, nachdem mit China eine Vereinbarung zur Begrenzung der Einfuhren von Hybri…

  6. · Bloomberg (outlet profile)

    EU Begins Assessing Additional Sectors for China Trade Quotas. The European Union began evaluating trade data to detect surges in imports, a first step toward placing quotas on additional sectors of goods being shipped…

  7. · South China Morning Post (outlet profile)

    Chinese chemicals and machinery in EU crosshairs as leaders back more trade curbs. Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during…

  8. · Tanjug (outlet profile)

    EU razmatra zaštitu hemijske industrije i proizvođača mašina od kineske konkurencije

  9. · NIN (outlet profile)

    EU razmatra zaštitu hemijske industrije i proizvođača mašina od kineske konkurencije. Kina je prošle godine pretekla Nemačku i postala najveći svetski izvoznik mašina za proizvodnju alatnih mašina.

  10. · South China Morning Post (outlet profile)

    EU backs trade ‘kill switch’, China exports surge, third-quarter GDP. European Union leaders supported creating a tool to potentially shut out Chinese goods as a growing flood of low-cost imports pushed the bilateral tr…

Factual core

  • The European Union is considering protective measures for its chemical industry and machinery manufacturers against Chinese competition.

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