UK goods trade deficit narrows to $26.2B in August, below expectations
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The EU is considering a new mechanism to restrict or ban imports from China in extreme cases, aiming to reduce its trade deficit. This marks a potential escalation in EU-China trade tensions, though details and legal basis remain unclear. If enacted, it could significantly impact bilateral trade flows and global supply chains.
Germany is reportedly advocating for increased EU restrictions on Chinese imports across industrial sectors, signaling a potential shift in its trade policy. Concurrently, the EU is considering new mechanisms to restrict or ban Chinese imports in extreme cases to address its trade deficit. The specific measures, legal basis, and sectors targeted remain unclear.
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