Free Trial

MNI BRIEF: Chinese Exports Jeopardise EU Industry--Le Maire

(MNI) ROME
STRESA, Italy

China’s increased industrial capacity to export goods to other parts of the world in the wake of the latest U.S. tariffs “jeopardises Europe’s efforts for reindustrialisation”, especially in the green industry, French Finance Minister Bruno Le Maire told journalists on Friday.

“Behind this is a different model of Chinese cheap goods to sell to the European market”, Le Maire said, pointing to EVs, batteries and solar panels as example adding to voices calling for a common G7 response. (See MNI EM: EU Tariffs On China EVs Seen Higher After U.S. Move)

Keep reading...Show less
139 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

China’s increased industrial capacity to export goods to other parts of the world in the wake of the latest U.S. tariffs “jeopardises Europe’s efforts for reindustrialisation”, especially in the green industry, French Finance Minister Bruno Le Maire told journalists on Friday.

“Behind this is a different model of Chinese cheap goods to sell to the European market”, Le Maire said, pointing to EVs, batteries and solar panels as example adding to voices calling for a common G7 response. (See MNI EM: EU Tariffs On China EVs Seen Higher After U.S. Move)

Keep reading...Show less