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European Commission President Ursula von der Leyen issued a stark warning to China that the European Union will do everything possible to protect itself from aggressive competition practices, paving the way for the continuation of the "war". trade between Brussels and Beijing. In unusually high-pitched tones for her, the European official made it clear that China will not be allowed to use its heavily subsidized manufacturing sector to overtake European industry.
Basically, the Commission's message – which has already been sent to Beijing – was clear: open markets to European products, otherwise ours will be closed to Chinese ones.
" In order for trade to be carried out on equal terms, market access must be reciprocal. We are ready to fully use our "defensive" trade tools if this becomes necessary," he noted, adding that "Europe cannot accept market-distorting practices that could lead to internal deindustrialization ," he stressed. Von der Leyen, immediately after the tripartite meeting with the French president and his Chinese counterpart, in Paris.
The Commission President went on to say that Europe will not back down if it has to take tough decisions to protect its economy and security. After all, the subsidies that create unfair competition between Chinese and European products and that "threaten" the European industry, have recently fallen at the "crossroads" of Brussels.
"Fair rules for all"
For his part, French President Emmanuel Macron asked his Chinese counterpart Xi Jinping for "fair rules for all".
"Protectionism" and "retaliation"
However, Beijing has directly accused Brussels of "protectionist" tactics and policies, while in "retaliation" for investigations into Chinese electric vehicles, it has launched anti-dumping investigations into French spirits such as cognac.
In the EU there is also concern about its extremely high dependence on so-called critical raw materials, which are required for the production of technology such as solar panels.
The President of the Commission assured that Brussels will use the de-risking strategy regarding EU supply chains by concluding agreements with a number of countries that have similar natural resources and relevant critical raw materials./ Kathimerini
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