The next wave could be even more destructive, industry officials warned. <\/p>\n
Unlike the first shock, the industries now under pressure include sectors that Europe considers central to its economic and technological future, such as electric vehicles and batteries, as well as steel, chemicals, and wind turbines.<\/p>\n
The IAA is designed partly to blunt that pressure, limiting Chinese investments in strategic sectors like EVs, raw materials or solar panels. It would also set Made-in-EU requirements for public procurement, potentially excluding Chinese suppliers.<\/p>\n
\u201cThe level of ambition is justified. If\u00a0it\u2019s\u00a0Europe\u2019s\u00a0main tool to respond to the second\u00a0China\u00a0shock,\u00a0it\u2019s\u00a0essential to make\u00a0it\u00a0count,\u201d Sander Tordoir, chief economist at the Centre for European Reform think tank, told MEPs. \u201cDo it right or don\u2019t do it at all.\u201d\u00a0<\/p>\n
Beijing has strongly objected to the IAA, but \u2014 despite some initial misgivings \u2014 it is gaining more support among EU countries and there is broad backing in the Parliament.<\/p>\n
\u201cThe urgency has increased,\u201d Green MEP Anna Cavazzini, co-lead on the file, said. She called the IAA a \u201ccornerstone\u201d of the EU\u2019s response to China\u2019s aggressive trade policies. \u201cThere\u2019s a lot of alignment that we need to strengthen the Commission proposal.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The next wave could be even more destructive, industry officials warned. Unlike the first shock, the industries now…\n","protected":false},"author":2,"featured_media":129103,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[755,2324,818,235,81,2053,9387,1487,2851,39,9049,40,90,2828,92,12172,760,1352,122,110,63,2862],"class_list":["post-129102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-anna-cavazzini","tag-batteries","tag-cars","tag-chemicals","tag-china","tag-competition","tag-competition-and-industrial-policy","tag-critical-raw-materials","tag-electric-vehicles","tag-eu","tag-eu-china-relations","tag-european-union","tag-france","tag-friedrich-merz","tag-germany","tag-public-procurement","tag-renewable-energy","tag-solar-energy","tag-tariffs","tag-trade","tag-ursula-von-der-leyen","tag-wind-energy"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/129102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/comments?post=129102"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/129102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media\/129103"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media?parent=129102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/categories?post=129102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/tags?post=129102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}