Close Menu
Daily Guardian EuropeDaily Guardian Europe
  • Home
  • Europe
  • World
  • Politics
  • Business
  • Lifestyle
  • Sports
  • Travel
  • Environment
  • Culture
  • Press Release
  • Trending
What's On

Ukraine widens its targets — and its tolerance for civilian casualties  – POLITICO

August 24, 2026

Owner of Swiss bar in deadly New year blaze held for domestic abuse, media say

August 24, 2026

Video. Latest news bulletin | August 24th, 2026 – Morning

August 24, 2026

LAX, JFK, DXB: Everything you need to know about airport codes

August 24, 2026

The shipping industry profits from conflict and looks East – POLITICO

August 24, 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
Daily Guardian Europe
Newsletter
  • Home
  • Europe
  • World
  • Politics
  • Business
  • Lifestyle
  • Sports
  • Travel
  • Environment
  • Culture
  • Press Release
  • Trending
Daily Guardian EuropeDaily Guardian Europe
Home»Business
Business

EU must act before China cripples European industries, warns EPP chief

By staffJune 7, 20263 Mins Read
EU must act before China cripples European industries, warns EPP chief
Share
Facebook Twitter LinkedIn Pinterest Email

Published on
07/06/2026 – 13:06 GMT+2

“Europe needs to open a new chapter regarding its relationship with China,” warned Manfred Weber, head of the European People’s Party in the European Parliament, in remarks to Bild am Sonntag.

“The era of naivety is over,” he said, urging the bloc to defend its economic interests more clearly and consistently and to reset its relationship with China.

Ahead of the EU summit on 18 June, several member states, led by France, are pressing for a firmer line on Beijing, warning that Chinese overproduction and low-priced exports are undercutting an already fragile European economy.

Think tanks, politicians, and the media have all been sounding the alarm on a looming EU-China trade war. On May 29, the European Commission said in a press release that while China is a critical partner, “the current state of the trade and investment relationship is not sustainable.”

EU Trade Commissioner Maroš Šefčovič affirmed this notion after meeting with his Chinese counterpart, trade envoy Li Chenggang, in Paris on Thursday. He told reporters that EU and Chinese authorities will engage in deeper dialogue to resolve “what is becoming an unsustainable trade deficit with China.”

Weber echoed this sentiment, telling Bild that the trade deficit of “almost one billion euros per day” is jeopardizing Europe’s industrial base and high-quality jobs. “Either we fight back, or China will cripple parts of our industry. The EU must now use its trade policy instruments decisively and without hesitation.”

He cited EU tariffs on Chinese electric vehicles as an example of the kind of tools Brussels should be prepared to use more broadly and maybe even expand.

He also addressed emerging criticism over EU funds indirectly benefiting Chinese firms. One recent case involved EU-backed development aid used to procure 380 natural gas buses for Senegal, where a lower-cost Chinese bid prevailed over a European competitor.

He insisted this must not happen again: “European development aid funded by taxpayers must not benefit Chinese companies.” He added that in the future, “anyone wishing to sell in Europe must play by European rules.”

A tougher trade stance, however, carries potential downsides. Beijing could retaliate by restricting exports of critical materials such as rare earths, posing risks for European manufacturing, particularly in Germany. Existing trade agreements with partners, including Canada, Mercosur countries, and India, may not fully offset such disruptions.

Weber maintains that Europe holds significant leverage, stressing that access to the single market remains vital for China. “China needs us,” he said, arguing that this dependency should be used to ensure fair competition.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

EDF authorised to prepare site for two new nuclear reactors at Gravelines plant

Five charts explaining America’s $40 trillion debt

Bessent vows bigger buybacks after bond yields erased the US Treasury’s relief rally

Takeover shield: Monte dei Paschi bids for BPM, Generali to forge €80bn Italian bank

Portugal’s pension surplus is an illusion, new report warns

Gold and silver surge in August as mounting US debt fears rattle markets

US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets

Europe’s gas prices have doubled, with the worst yet to come

Oil rises as markets rebound on US Treasury debt buyback plan

Editors Picks

Owner of Swiss bar in deadly New year blaze held for domestic abuse, media say

August 24, 2026

Video. Latest news bulletin | August 24th, 2026 – Morning

August 24, 2026

LAX, JFK, DXB: Everything you need to know about airport codes

August 24, 2026

The shipping industry profits from conflict and looks East – POLITICO

August 24, 2026

Subscribe to News

Get the latest Europe and world news and updates directly to your inbox.

Latest News

Indian police used excessive force during protests, Amnesty International says

August 24, 2026

What Ukraine needs to survive another winter – POLITICO

August 24, 2026

New UK PM Andy Burnham to visit Kyiv on first foreign trip, reaffirms support to Ukraine

August 24, 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 Daily Guardian Europe. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.