Germany and France propose new EU trade tool against China

Germany and France have proposed a new EU tool for a faster 'systemic reaction' to Chinese market distortions, which would let the Commission restrict market access and prepare retaliation without needing unanimity. The proposal, which resembles the bloc's existing Anti-Coercion Instrument, comes days before China must respond to an EU ultimatum for concessions ahead of the European Council's 15-16 October summit, after Beijing opened its own anti-dumping probe into the EU.

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