Electric cars and steel from China flood the EU market, Brussels waits for China to voluntarily reduce exports or take tough economic measures. “We have, of course, discussed the significant market imbalance, which is a cause for serious concern. We will protect our companies, we will protect our economies, we will do it without hesitation if necessary,” said European Commission head Ursula von der Leyen after a trilateral meeting with Chinese President Xi Jinping and French President Emmanuel Macron.
„Chinese subsidized products such as electric cars and steel products flooded the EU market. China continues to massively support its industrial sector and this is against the backdrop of domestic consumption not growing. The world cannot accept an excess of Chinese products. So I called on the Chinese government to respond to this structural overproduction. At the same time, we will intensively coordinate the response with the G7 countries and developing countries, von der Leyen said.
„Access to our markets must be equal, but we are ready to make full use of our market protection tools,” von der Leyen stressed. “The EU cannot accept practices that destroy markets and lead to deindustrialization in Europe.“
Von der Leyen limited himself to a statement to the press, journalists were not given the opportunity to ask questions, which has become a tradition in recent months in the speeches of the head of the European Commission, who seeks this; publication for a new term.