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EU Cannot Maintain Protection Against Chinese Imports

(Francesco Guarascio and Robin Emmott – Reuters)

European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU’s own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beijing.

In a draft letter seen by Reuters, the head of the European Commission’s Legal Service, Luis Romero Requena, warned the head of the trade directorate that the EU would not have a good case to disregard the effects of the World Trade Organization viewing China as a more market-based economy – a status that will make it harder for other powers to justify current high tariffs. Click here to read more.