EU Escalates Trade War With China
The EU plans to present sweeping new trade curbs on China as early as Q1 2027, targeting chemicals, furniture, and potentially other sectors with caps or quotas.
What we know
An account on X reported the EU will present new curbs on China trade as early as Q1 2027. Specific sectors targeted include chemicals and furniture, with another account on X reporting import curbs on chemicals and another account on X noting EU is also considering caps or quotas on Chinese furniture. This escalation comes alongside Indonesia cutting gas exports to countries that 'do not respect' it, as flagged by another account on X, pointing to a broader wave of resource and trade nationalism.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.