EU backs trade ‘kill switch’, China exports surge, third-quarter GDP
AI Summary
European Union leaders are considering a controversial "kill switch" tool to potentially halt the influx of low-cost Chinese imports, which has driven the bilateral trade deficit to unprecedented levels. Ursula von der Leyen indicated that work on developing this tool could begin soon. This move underscores growing concerns over economic competition and market dominance, signaling a potential shift in EU trade policy amid rising tensions with China. For more details, check out the full article on SCMP.
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