EU to propose import curbs on other Chinese sectors, says EU chief

By Philip Blenkinsop BRUSSELS, Oct 16 (Reuters) - The European Commission volition suggest curbs connected imports from China going beyond the safeguard measures it agreed with Beijing to halve inbound shipments of Chinese hybrid cars, European Commission President Ursula von der Leyen said connected Friday. Von der Leyen told a quality league aft an EU acme that the woody struck with China would not hole the structural imbalance. The EU’s goods commercialized shortage with China is running at much than €1 cardinal ($1.12 billion) a day. "And this is wherefore we request to act," she said. "Our industries person called for enactment and we person heard them and we volition respond, including immoderate much safeguards." She said this was intelligibly supported by EU leaders. French President Emmanuel Macron told reporters aft the acme that the EU should absorption connected measures for chemicals, plastics and ferro-alloys. Von der Leyen said that she welcomed a Franco-German insubstantial published past month, which projected the European Union reenforce its system by enacting a caller rapid-action measurement to onslaught backmost against countries that harm it. She said the Commission would make a caller instrumentality to rapidly bounds entree to the EU azygous marketplace wherever this was successful the bloc’s interest. She besides said the EU’s enforcement Commission would marque a connection successful December for a caller instrumentality that would bounds EU companies’ reliance connected azygous sources for definite captious supplies. The Commission would besides suggest a "solidarity mechanism" to assistance countries oregon sectors that are taxable to coercion oregon retaliation from extracurricular the EU. ($1 = 0.8913 euros) Read the full story at Investing →