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Euronews
Euronews
Luca Bertuzzi

Germany and France agree new trade tool to counter China

France and Germany have proposed new powers for the European Commission to counter market distortions as the EU confronts mounting trade pressure from China.

In a letter to Commission President Ursula von der Leyen on Monday, accompanied by a policy paper on global economic imbalances, Paris and Berlin called for tools to restrict access to the EU market, diversify supplies and prepare for possible retaliation.

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