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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
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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.

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