BRUSSELS — The EU is expected to prioritize chemicals and industrial machinery in its efforts to protect European industry from Chinese competition, two people with knowledge of the discussion told POLITICO. European Commission President Ursula von der Leyen was expected to tell EU leaders on Thursday that Brussels is looking at ways to protect the two sectors, the people said on condition of anonymity, with safeguards being the most effective tools currently available to the EU because they can be applied quickly and broadly. Trade Commissioner Maroš Šefčovič struck a deal with Beijing last week that would cap annual imports of Chinese hybrid cars at 350,000 units next year — less than half of expected deliveries this year.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.