The European Union is exploring the creation of a new trade policy tool aimed at addressing China's industrial overcapacity. Business groups are being consulted by Brussels to gauge their interest and input on the proposed instrument, though specific details remain scarce. This initiative is expected to be presented to Commission President Ursula von der Leyen by late May. AI
RANK_REASON The EU is considering a new trade policy tool, which represents a significant governmental action with potential international economic implications. [lever_c_demoted from significant: ic=1 ai=0.1]
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