BRUSSELS, Oct 3 — The EU will signal today how Brussels will muscle up to counter China’s aggressive trade policies, including by unveiling a list of sensitive technologies...
Brussels is building a trade armoury to protect the bloc from actions by rival countries, including a tool aimed at punishing nations that seek to put pressure on one of its member states. — Reuters picBRUSSELS, Oct 3 — The EU will signal today how Brussels will muscle up to counter China’s aggressive trade policies, including by unveiling a list of sensitive technologies that must be kept out of Beijing’s hands.
The European Parliament is also set to give its final green light today to a mechanism that would allow the bloc to impose tariffs, restrict investment, and limit access to public contracts for nations seen as engaging in economic blackmail. Although the European Union says it seeks to maintain dialogue with Beijing, Brussels has stepped up its efforts to curtail critical trade with China.
Following Moscow’s invasion, the EU had to quickly find new energy sources after an over-reliance on Russian oil and gas.The key technologies could include quantum computing, advanced semiconductors and artificial intelligence. It is already preparing a law to cut its dependence on China for critical raw materials, used to make products like electric cars.
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