The European Union says it is “too early to conclude” whether sky-high US tariffs on Chinese goods have caused a diversion of exports to the bloc that would cause it to take emergency measures.
This was despite a surge in Chinese exports to the European Union coinciding with a big drop in shipments from China to the United States in May.
China’s shipments to the US last month fell by 34.5 per cent from a year ago, while its exports to France rose by 24.1 per cent and to Germany by 21.5 per cent,…
