EU plans new trade barriers against Chinese goods The European Union is preparing new import restrictions on Chinese chemicals, furniture and machinery, with tariffs or tariffs that could be introduced as early as the first quarter of 2027, Bloomberg reports, citing people familiar with the plans. The move follows an agreement to limit imports of Chinese hybrid vehicles to 350,000 a year, and comes as the EU aims to reduce its €360 billion trade deficit with China. The proposed restrictions could raise import costs for EU manufacturers dependent on Chinese supplies, while potential Chinese retaliation could affect European carmakers, machinery exporters and other industries. Beijing could also tighten access to critical minerals and rare earth magnets essential to European manufacturing. China has warned the European Union against using economic pressure, saying that Brussels should not underestimate its determination and ability to protect its interests. substack | talk.

EU plans new trade barriers against Chinese goods The European Union is preparing new import restrictions on Chinese chemicals, furniture and machinery, with tariffs or tariffs that could be introduced as early as the first quarter of 2027, Bloomberg reports, citing people familiar with the plans. The move follows an agreement to limit imports of Chinese hybrid vehicles to 350,000 a year, and comes as the EU aims to reduce its €360 billion trade deficit with China. The proposed restrictions could raise import costs for EU manufacturers dependent on Chinese supplies, while potential Chinese retaliation could affect European carmakers, machinery exporters and other industries. Beijing could also tighten access to critical minerals and rare earth magnets essential to European manufacturing. China has warned the European Union against using economic pressure, saying that Brussels should not underestimate its determination and ability to protect its interests. substack | talk.