EU to Widen Import Tariffs and Quotas on Chinese Goods to Protect Industries
EU's Strategy to Shield Key Industrial Sectors
Broader Use of Import Quotas and Tariffs
May 28 (Reuters) - European Union industry chief Stephane Sejourne said Brussels would broaden import quotas and tariffs against China to shield certain industrial sectors from what the bloc sees as an "existential" threat from Chinese imports, in comments to the Financial Times published on Thursday.
Safeguard Clauses for Sector-Wide Protection
"We will use safeguard clauses in a more general manner on sectors and not just on businesses or particular raw materials," Sejourne told the FT, adding that European industries such as chemicals, metals and clean technology were at risk of being destroyed by unfair Chinese competition.
Reporting and Editorial Credits
(Reporting by Ananya Palyekar in Bengaluru; Editing by Jacqueline Wong)
