The European Commission is working on a new trade weapon as the continent struggles to contend with a flood of low-cost imports from China.
The tool may be presented at a May 29 gathering of the European Union’s executive branch, the South China Morning Post reported on Tuesday. Plans for a China-focused meeting were delayed from last month after the US-Israeli war on Iran prompted a new agenda focused on energy prices. It’s not clear what form the instrument will take.
Business groups have been…
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