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A new trade war may be brewing. This time, Europe is taking a page from Trump’s playbook — ‘We no longer live in a world of pink ponies and rainbows’
- Europe is alarmed as China’s goods surplus with the EU jumped to €360.6bn in 2025, threatening local industries and sparking urgent concern among leaders.
- Emmanuel Macron and several EU states have called for Trump-style safeguards—think a “European Section 301”—to allow quick tariffs or quotas on unfair Chinese trade practices.
- The EU is torn: it’s already used EV tariffs and probes but fears Chinese retaliation, so officials favor dialogue and a new law to force supply‑chain diversification instead of immediate broad tariffs.
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