European leaders get ready to ‘act now’ amid rising fears of ‘China shock 2.0’
European leaders are expressing growing concern over the rapid growth of Chinese competitors, fearing a repeat of the economic disruption caused by China in the past. Officials are considering broader use of safeguard measures, such as tariffs and quotas, to protect European industries like chemicals and machinery. The aim is to expedite investigations into potentially subsidized Chinese firms and prevent European companies from being outcompeted on price and quality. AI
