EU Says Ready to Use All Trade Tools to Defend Against China [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg She added that heavily subsidized Chinese products such as electric vehicles and steel are flooding the European market and said the world cannot absorb China's surplus production. ADVERTISEMENT Von der Leyen spoke after talks in Paris on Monday with French President Emmanuel Macron and Chinese President Xi Jinping, who is on a state visit to France before heading to Serbia and Hungary in his first trip to the bloc in five years. “For trade to be fair, access to each other's market also needs to be reciprocal,” she said. “We discussed how to make real progress on market access. I remain confident that more progress can be achieved. At the same time, we stand ready to make full use of our trade defense instruments if this is necessary.” Read More: China's Billions Help Xi Make Useful Friends in Eastern Europe She cited the example of the International Procurement Instrument created in 2022 and which was used for the first time last month to launch
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