Bond.az White LogoBond.az Black Logo

China Warns EU It Will Retaliate Against New Trade Restrictions

China warns it will retaliate if the EU imposes new trade restrictions on Chinese companies, raising tensions between the two economic giants.

Henry Walker
ByHenry Walker- Senior Editor
|
0

China warned on Saturday that it would take countermeasures if the European Union imposes new trade restrictions on Chinese companies, escalating tensions between the two major trading partners ahead of planned economic dialogues.

Responding to European Commission discussions on relations with China, the Chinese commerce ministry said it hoped the EU would abide by World Trade Organization rules, uphold free trade and fair competition, and oppose protectionism and unilateral measures.

The ministry noted that China and the EU remain important economic and trade partners, with both sides exploring the creation of a consultation mechanism covering trade and investment issues.

"We hope the European side will meet China halfway," a commerce ministry spokesperson said, urging both parties to manage differences through dialogue and promote stable economic ties.

However, Beijing warned it would respond if the EU pressed ahead with what it described as discriminatory measures. "Should the European side insist on unilaterally introducing new trade instruments and adopting discriminatory restrictions, the Chinese side will resolutely take countermeasures and adopt effective measures to safeguard its own interests," the spokesperson said.

The comments come as Brussels has taken a tougher stance on trade relations with China, citing concerns over market access, industrial subsidies and economic security.

More News
Today / 09:03
|
374

Private sector share in agriculture rises

Azerbaijan boosts private sector in agriculture with 2026-2030 State Program, expanding orchards and greenhouses to increase exports.

0
Today / 08:31
|
538

Ukrainian drones hit Russian port, tanker, oil depot

Ukrainian drones strike Russian port tanker and oil depot in Taganrog and Armavir; fires extinguished, two injured.

0
Today / 07:31
|
369

Trump's Health Is Excellent, Doctors Say

U.S. President Donald Trump is in excellent health, according to a medical memo from the White House physician, showing strong cardiac and neurological function.

0
Today / 07:01
|
835

Azerbaijan oil price drops

Azerbaijan oil price fell 2.55% to $98.01 per barrel. Details on "Azeri Light" crude oil price change.

0
Today / 06:32
|
273

NATO Military Chief: Spending Goals on Track

NATO's top military official says the alliance remains on track to meet higher defense spending targets, dismissing concerns about tensions with the United States.

0
Today / 06:01
|
684

Strait of Hormuz: 20% of global data flows

Strait of Hormuz carries 20% of global internet data. Iran threats raise concerns for tech companies like Amazon and Google.

0
Today / 05:32
|
388

California eases carbon market rules amid affordability concerns

California eases carbon market rules, providing up to $4 billion in free emissions allowances to oil refiners amid affordability concerns.

0
Today / 05:31
|
616

Digital Yuan Expands to Lotteries, Spending

China's digital yuan expands from lotteries to fiscal spending. Learn about bank incentives, cross-border applications, and geopolitical goals.

0
Today / 04:31
|
844

ICE raids led to 668K job losses: Brookings

Brookings: ICE enforcement surge caused 668K job losses, affecting construction, entertainment, and consumer spending.

0
Today / 04:02
|
752

Hegseth Praises Asian Allies, Warns Europe on Defense Spending

U.S. Defense Secretary Pete Hegseth praised Asian allies while warning Europe to increase defense spending. Read more on Bond.az.

0
Today / 02:30
|
833

Pentagon chief warns of China's military buildup

U.S. Defense Secretary Pete Hegseth warns Asian allies about China's military buildup and urges increased defense spending.

0
Today / 02:01
|
747

Samsung AI Bonuses Spark Payout Debate

Samsung's AI-related bonus payouts spark debate in South Korea over income distribution, with some workers receiving $400,000 while others get far less.

0
...
China Warns EU It Will Retaliate Against New Trade Restrictions | Bond.az