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Economy

EU Plans to Restrict Imports from China of Chemicals, Equipment, and Furniture

Restrictions may take the form of quotas or tariffs and are expected to be presented in the first quarter of 2027

26 Oct, 15:51Read in Russian
commons.wikimedia.org — Europäische Kommission - Audiovisueller Dienst, CE - Service audiovisuel, EC - Audiovisual Service, Dati Bendo

European Commission President Ursula von der Leyen stated that the EU's trade deficit with China in 2025 amounted to 1 billion euros per day.

Potential restrictions may apply to chemical products, furniture, tools, equipment, and machinery. The EU is entitled to introduce such measures without Beijing's consent; however, following consultations with China and member states, the list of priority sectors may change.

Simultaneously, the European Union has agreed with Beijing to reduce Chinese tariffs on auto parts, ice cream, and olive oil. By mid-December, the EU plans to present a mechanism for diversifying supplies and proposals for faster restrictions on access to the common market in response to hostile trade policies.

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Original source: Bloomberg
Based on a report by: Interfax

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