EU cannot maintain protection against Chinese imports – Reuters reveals

reutersIn an exclusive Reuters report, the news agency reveals that the EU might be under pressure to lower tariff defenses against Chinese imports. Specifically, Reuters has seen a letter drafted by the head of the European Commission’s Legal Service, Luis Romero Requena warning the head of the trade directorate that the EU would not have a good case to disregard the effects of the World Trade Organization viewing China as a more market-based economy. This status will make it harder for other powers to justify current high tariffs.