Imported steel is to be subject to higher tariffs from 2026. The duty-free import quotas will be almost halved. The EU Commission’s proposal also affects countries with which free trade agreements exist.
By Lukas Bayer and Janos Allenbach-Ammann
China plays a trump card in the trade war and puts US soybean farmers in trouble. The leverage from Beijing comes as no surprise.
By Andreas Landwehr
The majority of global goods imports are split between the USA, EU and China. For the EU, China is in first place, followed by the USA, in terms of imports. Even China recorded an increase in imports compared to the previous year despite the coronavirus pandemic. Trade with the USA has also increased despite sanctions. Germany is still China's largest trading partner by far. While China benefits from the open markets in the EU and Germany, European companies are subject to restrictions and discrimination in China. The EU and China have therefore agreed on the EU-China Investment Agreement (CAI) to promote greater reciprocity. From trade booms to import bans on goods from Xinjiang to dangerously expensive raw materials for the growth of imports in China – read import news from the Table.editorial team!
