European Union leaders have directed Brussels to develop new trade defense mechanisms to counter China's economic influence. The directive, stemming from a late-night meeting, emphasizes both engaging with Beijing to resolve trade issues and preparing instruments to protect Europe's economy. This includes addressing Chinese industrial overcapacity and encouraging European companies to diversify their supply chains, with a potential for increased use of existing tools like tariffs and quotas. AI
RANK_REASON EU leaders directing policy changes to counter a major economic power. [lever_c_demoted from significant: ic=1 ai=0.1]
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