The European Union will increase the tariffs of Chinese commodities

The Ministry of Commerce published information that European Union is preparing to adopt higher tariffs to against the cheap commodities of China.

It is not surprising information, because the European Union expressed the competitive of trade in the blueprint of Global Trade strategy already published, and wished to promote the economic increase solving the high unemployment rate issues.

It is obvious that the indication shows the European Union want to escape from the crisis through the international trade, and proposed to help the European companies to open the outside market.

The trade between China and Europe is increasing rapidly, until July, the export to Europe had reached at $318.6 billion, 17.8% increased than before which let Europe feel so stress.

Source: Economic Information

Translated and edited by Yang Jingmin

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