Key facts
- The EU is imposing new tariffs and quotas on steel imports from China.
- The EU is removing a customs duty exemption for e-commerce packages under 150 euros.
- The EU is shifting its policy on Chinese investment towards conditional openness.
- The EU is implementing tighter security controls on Chinese investment.
- European authorities are prioritizing compliance in key sectors.
- European authorities are encouraging localization over exports from China.
The European Union has introduced new regulations targeting steel imports and e-commerce small parcels, aiming to address its significant trade imbalance with China. These measures include the imposition of new tariffs and quotas on steel products. Additionally, the EU is removing a customs duty exemption previously applied to packages valued under 150 euros. These actions signal a shift in the EU's trade policy towards China.
In parallel, the European Union is moving towards stricter controls on Chinese investment, transitioning from a policy of free markets to one of conditional openness. This shift involves implementing tighter security controls, according to the China Chamber of Commerce to the EU. European authorities are now prioritizing compliance in key sectors and encouraging localization of businesses and production within the EU over a focus on exports to the bloc. This approach suggests a more strategic and security-conscious engagement with Chinese economic activity within the EU.