The European Union monitors the Chinese electronic imports and steel in a full trade war
A side effect of definitions It is the excessive offer. European Commission officials describe the journey Products subject to definitions They can travel towards European coasts, from the American market.
“There is possible there is a deviation from trade and that some countries that are no longer able to export their products to OP in the United States in alternative markets,” says a senior European Union official. Of course, we will be ready to defend our market, We will not absorb any size and quantityHe adds.
China is in the spotlight of the European Union After their imports were affected to the United States on Wednesday with cumulative definitions of 54 %. This is possible Your steel Be one of the extra capacity products that activate the European Union market, especially taking into account the volatile Chinese construction sector. “The steel has not been consumed internally in China,” the senior official says, noting the risk of switching to the European Union.
The Chinese steel and the European Union industry were already affected by the 25 % definitions that entered into force in mid -March. According to the data of the Organization for Economic Cooperation and Development on April 1, the surplus of global steel power It will go from 602 million tons in 2024 to 721 million in 2027. It represents more than five times the production of steel from the mass, according to Eurofer, the European Society that represents the steel industry.
Other Chinese products are also expected to search for new marketing opportunities in the European Union. “Electronic devices and renewable energies, such as solar panels or wind turbines, also represent a danger to the European Union.” Alicia Garcia Hero“Thought Tank” expert, Poalel, in the Asian market. Electric vehicles,, Which are already subject to the definitions of society since November 2024, it is also listed in the list of products that can be subject to more, and the economist adds.
The committee plans to intensify the monitoring of global markets when the mutual definitions in the United States of China and other countries in the world enter into force, On April 5 and 9. “In the case of China, we have already passed before in the steel sector, especially when the United States closed in 2017 its Chinese import market. At that time we adopted protection measures,” the European Union official said.
These measures, authorized by the standards of the World Trade Organization, Allow the reducing imports from some products In case of the sudden flow of the product in a particular market. “We have this mechanism for a long time. It is too early to know if we will need it for other sectors. We are studying it carefully,” the official concludes.
