European Commission Warns on Chinese Competition, International Agencies Respond

Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.

Share:

Teresa Ribera, Executive Vice-President of the European Commission responsible for ecological transition and competition, made remarks widely reported by major international press agencies. During an official visit to Beijing ahead of the forthcoming European Union-China summit, she explicitly warned against trade practices potentially damaging to European companies. Among the concerns highlighted are the impacts of low-cost Chinese manufacturing supported by significant state subsidies. The European Union’s (EU) objective is clearly to safeguard the competitiveness of its industries without engaging in a tariff war.

Statements Widely Disseminated

While these statements were initially collected by Agence France-Presse (AFP), other global agencies such as Reuters and Arab News also reported the comments with similar accuracy. Reuters, in particular, quoted nearly verbatim Ms. Ribera’s warning about the importance for the EU of avoiding a downward spiral in salary and environmental standards. This international coverage reflects the sensitivity and strategic significance currently attached to EU-China trade relations. Arab News, relaying these comments via Yahoo Finance, confirmed this media trend by addressing the EU’s concerns regarding a potential saturation of the market by cheap Chinese goods.

Industrial and Commercial Tensions Rising

These concerns arise in a context marked by significant economic tensions between the European Union and China. Brussels had previously indicated a willingness to respond firmly to Chinese competition, with concrete measures such as the recent imposition of tariffs of up to 35% on Chinese electric vehicles. An investigation into Chinese solar panel manufacturers was also launched to identify potential unfair trade practices. Primarily, this strategy aims to prevent a deterioration of internal economic conditions due to massive imports of subsidized Chinese products.

Sino-American Relations as a Backdrop

Simultaneously, Teresa Ribera commented on U.S. strategy, specifically recent decisions by American President Donald Trump characterized by rising trade protectionism. The European official suggested that the American approach could inadvertently provide Beijing an opportunity to strengthen its international position. These remarks, also reported by multiple international agencies, underscore a complex diplomatic dynamic, where economic decisions made by Washington directly influence EU-China trade relations. In this context, the European Union finds itself in a delicate position, seeking to preserve its economic interests while navigating between two major trading powers with opposing strategies.

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
Sanctions imposed on August 1 accelerate the reconfiguration of Indo-Pacific trade flows, with Vietnam, Bangladesh and Indonesia emerging as principal beneficiaries.
Washington triggers an unprecedented tariff structure combining 25% fixed duties and an additional unspecified penalty linked to Russian energy and military purchases.
Qatar rejects EU climate transition obligations and threatens to redirect its LNG exports to Asia, creating a major energy dilemma.
Uganda is relying on a diplomatic presence in Vienna to facilitate technical and commercial cooperation with the International Atomic Energy Agency, supporting its ambitions in the civil nuclear sector.
The governments of Saudi Arabia and Syria conclude an unprecedented partnership covering oil, gas, electricity interconnection and renewable energies, with the aim of boosting their exchanges and investments in the energy sector.
The European commitment to purchase $250bn of American energy annually raises questions about its technical and economic feasibility in light of limited export capacity.
A major customs agreement sealed in Scotland sets a 15% tariff on most European exports to the United States, accompanied by significant energy purchase commitments and cross-investments between the two powers.
Qatar has warned that it could stop its liquefied natural gas deliveries to the European Union in response to the new European directive on due diligence and climate transition.
The Brazilian mining sector is drawing US attention as diplomatic discussions and tariff measures threaten to disrupt the balance of strategic minerals trade.
Donald Trump has raised the prospect of tariffs on countries buying Russian crude, but according to Reuters, enforcement remains unlikely due to economic risks and unfulfilled past threats.
Afghanistan and Turkmenistan reaffirmed their commitment to deepening their bilateral partnership during a meeting between officials from both countries, with a particular focus on major infrastructure projects and energy cooperation.
The European Union lowers the price cap on Russian crude oil and extends sanctions to vessels and entities involved in circumvention, as coordination with the United States remains pending.
Brazil adopts new rules allowing immediate commercial measures to counter the U.S. decision to impose an exceptional 50% customs tariff on all Brazilian exports, threatening stability in bilateral trade valued at billions of dollars.
The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.
BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
The European Commission is launching an alliance with member states and industrial players to secure the supply of critical chemicals, amid growing competition from the United States and China.
Trade between Russia and Saudi Arabia grew by over 60% in 2024 to surpass USD 3.8 billion, according to Russian Minister of Industry and Trade Anton Alikhanov, who outlined new avenues for industrial cooperation.
Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.