EU will propose new tools to protect market, von der Leyen says
European Commission President Ursula von der Leyen announced plans for new tools to protect the EU market from surges in cheap, unfair imports. The proposed measures aim to defend European industries and ensure fair global competition in an increasingly volatile economic landscape.
Why it matters
This signals a shift toward more protectionist trade policies within the EU to counter economic weaponization by global competitors.
Oct 21 (Reuters) - The European Commission will propose new measures to shield the EU from unfair competition from cheap imports, EU Commission President Ursula von der Leyen said on Wednesday.
• A new instrument should enable EU countries to "immediately" limit access to the single market when surges in cheap imports threaten European industries, von der Leyen said in a speech in the European Parliament.
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