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EU urged to place export restrictions on China – Bloomberg | EU urged to place export restrictions on China – Bloomberg |
(about 9 hours later) | |
Washington reportedly wants Brussels to use the same tactics against Beijing that’s it’s using against Moscow | |
US officials are discussing with European allies the possibility of tightening export restrictions in trade with China, according to Bloomberg, citing people familiar with the matter. | US officials are discussing with European allies the possibility of tightening export restrictions in trade with China, according to Bloomberg, citing people familiar with the matter. |
The White House is urging the EU to apply the approach now being used against Russia, to China, with the same use of trans-Atlantic information sharing and enforcement coordination, according to the sources who asked to remain anonymous. | The White House is urging the EU to apply the approach now being used against Russia, to China, with the same use of trans-Atlantic information sharing and enforcement coordination, according to the sources who asked to remain anonymous. |
This comes as US and EU officials negotiate the agenda for their next high-level trade forum, scheduled for early December. | This comes as US and EU officials negotiate the agenda for their next high-level trade forum, scheduled for early December. |
Brussels is reportedly not inclined to treat China the same way as Russia, the sources said, adding that EU officials view the circumstances as different. | Brussels is reportedly not inclined to treat China the same way as Russia, the sources said, adding that EU officials view the circumstances as different. |
Several EU member states are reportedly wary of Washington’s efforts to turn the December forum into an anti-China gathering, and instead prefer to focus on a positive bilateral agenda. However, there may be room to look at goods that could be used by Beijing to boost its military capability, the sources added. | Several EU member states are reportedly wary of Washington’s efforts to turn the December forum into an anti-China gathering, and instead prefer to focus on a positive bilateral agenda. However, there may be room to look at goods that could be used by Beijing to boost its military capability, the sources added. |
It is still unclear if the topic will come up when US Trade Representative Katherine Tai meets EU trade ministers, who are in Prague for an informal meeting, on Monday. | It is still unclear if the topic will come up when US Trade Representative Katherine Tai meets EU trade ministers, who are in Prague for an informal meeting, on Monday. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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