European Union commissioners were scheduled to meet on Friday, May 29th for crucial discussions focused on introducing new trade restrictions against Beijing. The meeting comes amid mounting fears that Chinese export practices could create U.S.-style “rust belt” regions within Europe.
The recent influx of goods from China—ranging from electric vehicles and essential machinery components to medical equipment and food products–—has been labeled “China Shock 2.0.” Officials worry this could replicate the economic disruption experienced in the U.S. 25 years ago following China’s entry into the World Trade Organization, despite the People’s Republic’s own recent difficulties.
Commissioners have been asked to prepare for the talks by considering examples of Chinese activities in all 27 portfolios, spanning from trade to agriculture, defence, health, and digital initiatives.
