Monday, June 15Monday, June 1510 days · 6 summary articles
The European Union is preparing a decisive response to China’s trade practices, with Brussels and member states now considering sweeping measures to protect domestic industries after new data revealed the scale of job losses and economic damage. On Monday, the *Handelsblatt* reported that hundreds of thousands of jobs in Germany alone have been lost due to what economists term the “China shock,” prompting a shift in Berlin’s stance toward Beijing . The revelation comes as EU leaders gather for a critical summit to finalize strategies aimed at countering China’s export dominance, with multiple policy options under active consideration .
The financial toll of China’s market penetration is already staggering. Telecommunications giants Telefónica, Orange, and Vodafone have warned that replacing Chinese-made equipment—primarily Huawei hardware—will cost up to €40 billion, more than double the €17–21.5 billion Brussels had previously estimated . The revelation underscores the depth of Europe’s technological dependence on China, a vulnerability that has become a focal point of the bloc’s industrial security debate.
Analysts argue that the EU’s approach must extend beyond tariffs to include strategic investment in domestic supply chains. Writing in *Público*, economist Ricardo Paes Mamede cautioned that the bloc risks repeating past mistakes by prioritizing import restrictions over building a robust, homegrown technological base . Meanwhile, *Foreign Policy* reported that China’s economic slowdown—driven by demographic decline and weak domestic consumption—has forced Beijing to scale back its global ambitions, potentially reducing the immediate pressure on Europe to act .
The shift in Europe’s posture reflects a broader rethink among policymakers and industry leaders. The *Handelsblatt* noted that both the German government and business community have abandoned earlier hesitation, now advocating for a more assertive stance against what they describe as unfair Chinese trade practices . As the EU prepares to unveil its strategy, the question remains whether these measures will be sufficient to shield European industries—or whether they will spark a deeper transatlantic or global trade confrontation.
5 further sources not geolocated
Vor dem EU-Gipfel: Wie sich die EU vor Chinas Exportmacht schützen will Wenn Europa gegen China bestehen will, muss es seine Industrie schützen. Darin sind sich die EU-Chefs einig. Mehrere Optionen liegen auf dem Tisch.
faz · about 2 hours ago
Pokud Babiš poletí do Číny a bude se tam klanět, doma proti sobě bude mít plná náměstí (Ne)bezpečí Ondřeje Kundry se šéfem think-thanku Evropské hodnoty Jakubem Jandou
respekt · about 2 hours ago
UK losing jobs abroad due to high energy costs, manufacturers and union warn reut.rs/4vSknSf
bluesky bot · about 2 hours ago
The End of Chinese Growth Beijings economic ambitions have been brought back to earth.
foreignpolicy.com · about 2 hours ago
The End of Climate Politics As the West debated a green energy future, Beijing was building it.
foreignpolicy.com · about 2 hours ago
Sweden demands other EU states tackle Russian oil tankers in their waters Also in this newsletter: Kallas fronts up amid EEAS reform talk
financial times · about 2 hours ago
Kõik armastavad Hiina autosid. Peale hiinlaste Maailm aplodeerib viimastele Hiina sõiduriistadele ning nende müük kasvab tormiliselt vaat et igal pool, kus nad saadaval on. Kuid siin esineb üks erand: Hiina ise.
postimees · about 2 hours ago
Como uma rede terá lavado milhões de euros de lojas chinesas Transportavam dinheiro em sacos de plástico e depositavam em contas de empresas de fachada com nomes criativos. Os jornalistas João Godinho e Mariana Furtado tiveram acesso ao despacho de acusação.
observador · about 2 hours ago
Handelskonflikt: Hunderttausende Arbeitsplätze verloren – schlägt Europa gegen China zurück? Neue Zahlen zeigen, wie sehr der Chinaschock der deutschen Industrie schadet. Nun könnte Europa härter gegen Peking vorgehen – weil Bundesregierung und deutsche Wirtschaft umdenken.
handelsblatt · about 2 hours ago
Las telecos cifran en hasta 40.000 millones el coste de sustituir a Huawei Telefónica, Orange o Vodafone calculan que el coste real de reemplazar los equipos de los fabricantes chinos duplicará los entre 17.000 y 21.500 millones de euros previstos por Bruselas. Leer
expansion · about 3 hours ago
A Europa não vencerá a China com tarifas A União Europeia parece hoje mais preparada para restringir importações do que para mobilizar os recursos necessários à construção de uma nova base tecnológica. Opinião de Ricardo Paes Mamede
publico · about 5 hours ago
What would Made in Europe mean for Chinas clean tech? | News | Eco-Business
gdeltproject.org · about 6 hours ago
Trump Presses EU for Tariffs on China, India in Russia Sanctions Talks The bloc is expected to target some foreign firms that are helping Russia, possibly including some Chinese companies, according to diplomats.
wsj · 9 months ago
Trump wants the EU to enact 100pc tariffs on China and India - Australian Broadcasting Corporation
googlenews · 9 months ago
Trump asks EU to impose tariffs of up to 100 on India and China In effort to end Russias war in Ukraine, US president reportedly proposes tariffs targeting Putin allies and trade partnersBusiness live – latest updatesEurope live – latest updatesDonald Trump has asked the EU to impose tariffs of up to 100 on India and China as part of an effort to force the Russian president, Vladimir Putin, to end the war in Ukraine.The US president made the demand during a meeting between US and EU officials discussing options to increase economic pressure on Russia on Tuesday, according to a White House official. Continue reading...
theguardian · 9 months ago
Carbon emissions from oil giants directly linked to dozens of deadly heatwaves for first time Study shows how individual fossil fuel companies are making previously impossible heatwaves happen and could have to pay compensationCarbon emissions from the worlds biggest fossil fuel companies have been directly linked to dozens of deadly heatwaves for the first time, according to a new analysis. The research has been hailed as a leap forward in the legal battle to hold big oil accountable for the damages being caused by the climate crisis.The research found that the emissions from any one of the 14 biggest companies were by themselves enough to cause more than 50 heatwaves that would otherwise have been virtually impossible. The study shows, in effect, that those emissions caused the heatwaves. Continue reading...
theguardian · 9 months ago
A European official, commenting on U.S. President Donald Trumps proposal to raise #tariffs for India and China, stated that the #EU does not use tariffs as a #sanctions tool in its policy, reports the Wall Street Journal.🤩Subscribe to Internati...
mastodon bot · 9 months ago
EU considers faster Russian oil and gas exit after US pressure - Reuters EU considers faster Russian oil and gas exit after US pressure ReutersTrump reportedly asks EU to levy 100 tariffs on India and China; Ozempic maker Novo to cut 9,000 jobs – business live The GuardianTrump tells Europe: hit Russia with secondary sanctions and US will follow The TelegraphDonald Trump tells EU to hit China and India with 100 tariffs to pressure Vladimir Putin Financial TimesTrump lobbies EU for 100 tariffs on China and India to pressure Putin BBC
googlenews · 9 months ago
Trump reportedly asks EU to levy 100 tariffs on India and China; Ozempic maker Novo to cut 9,000 jobs – business live US president wants to up pressure on Russia to end war in UkraineAbout 1m households are behind on their gas and electricity bills with no repayment plan amid a rise in energy debt over the past decade, according to a new report.The Resolution Foundation thinktank found that the number of customers in energy debt has increased and the size of their debts has risen. It found that between 2012 and 2024 the average gas and electricity debts more than doubled to £1,400 and £1,600, respectively, from an average of approximately £500. Continue reading...
theguardian · 9 months ago
Trump tells EU to place 100 tariffs on India and China to pressure Putin Trump is lobbying the EU to impose 100 tariffs on India and China, two major importers of Russian oil, to pressure Putin to end his war in Ukraine.
euronews · 9 months ago
Trump reportedly asks EU to impose 100 tariffs on India and China In effort to end Russias war in Ukraine, US president reportedly proposes tariffs of up to 100 targeting Putin allies and trade partnersDonald Trump has asked the EU to impose tariffs of up to 100 on India and China as part of an effort to force the Russian president, Vladimir Putin, to end the war in Ukraine, according to reports.The US president made the demand during a meeting between US and EU officials discussing options to increase economic pressure on Russia on Tuesday, according to the Financial Times, BBC and Bloomberg, who cited multiple sources familiar with the discussions. Continue reading...
theguardian · 9 months ago
Trump pushing EU to slap 100 tariffs on China, India, reports say Steep tariffs would be part of joint effort to pressure Russia to end its war on Ukraine, according to reports.
aljazeera · 9 months ago