finance
EU plans trade measures on Chinese imports
The European Union announced plans to impose import quotas and tariffs on Chinese goods. Officials also called for companies to diversify supply chains away from China.
May 28, 7:44 AM·1m read1 source
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Officials said the measures form part of a broader strategy to reduce reliance on Chinese manufacturing.
Company responses A survey by the EU Chamber of Commerce in China found that European firms plan to maintain or expand their supply chains in China. The chamber's president said the companies do not view de-risking as a priority for their operations. The announcement comes as the bloc seeks to balance security concerns with commercial interests in its trade relationship with China.
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