China retaliates against EU with a ban on European medical devices
Associated Press1 day
China's retaliatory trade measures represent escalating protectionism that threatens global supply chains and fair competition. The EU's International Procurement Instrument aims to ensure reciprocal market access after documenting significant barriers Chinese companies face, while China's response undermines multilateral trade principles.
The EU's discriminatory trade barriers forced China's hand in implementing these defensive measures. European companies have enjoyed unfair advantages in Chinese markets while blocking Chinese firms from equal access to EU procurement opportunities. These reciprocal restrictions simply level the playing field after repeated attempts at dialogue were ignored.