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,…
Chinese exports to EU surge, but bloc waiting to see if emergency action needed
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