Brussels agrees on tougher China trade policy, as Beijing vows retaliation - South China Morning Post — SkimNews
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- European Union agrees to broaden import quotas and raise tariffs on Chinese goods as part of a tougher trade policy.
- China vows retaliation against the EU's new trade measures, warning of counter‑actions.
Why it matters: EU importers will face higher costs as Chinese goods become pricier, while Chinese exporters risk losing the EU market, squeezing margins on both sides and heightening geopolitical risk for multinational firms.
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