EU nations plan import curbs on chemicals and plastics
European governments are preparing to request rare trade safeguard measures to protect domestic chemicals and plastics sectors from surging imports. France, Italy, and Germany are moving to address severe industry pressures stemming largely from Chinese competition.
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France and Italy plan to request EU trade safeguards on plastics and chemicals to counter surging imports from China. The push marks a shift in trade policy as the European industrial base faces cheap foreign competition and closed United States markets. Brussels has historically avoided broad import quotas, viewing them as protectionist measures.
