Chinese manufacturers, facing US tariffs, will try to reclaim their products in European markets.
Europe expects a flow of Chinese goods after the introduction of American tariffs, creating new economic risks for the continent. This has been reported by the Financial Times.
According to analysts, the flow of cheap Chinese goods, in particular de -electrical goods and engineering, can seriously affect European manufacturers.
“The Lightning -otic trade shock, which is shocked by Asia, will probably affect Europe,” said Robin Winkler, Deutsche Bank’s chief economist.
It is reported that Chinese manufacturers, who face hard US tariffs, will try to redirect their products to European markets.
The European Commission is already taking steps, increasing control over import flows and preparing new roles to protect its markets.
“We are very concerned that this may be another point of voltage in China’s relationship. It is almost impossible to expect that their exporting model of excess capacity will change,” the EU said a high diplomat.
In addition, an increase in Chinese exports in Europe may also affect European inflation, which will lead to an additional decrease in the European Central Bank’s interest rates.
Remember, on April 2, Trump announced the introduction of major duties to imported goods. He called it America’s “Day of Liberation”.
According to European Commission leader Ursula Von der Lyayn, tariffs declared US President Donald Trump, “seriously hit the global economy.” The European Union is preparing retaliation measures.
Today, April 4, China has announced the introduction of 34% of duties to imported American items in addition to existing tariffs. They will start working on April 10.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.