US-China trade clash risks making Europe dumping ground

News Snapshot:

London/Beijing | China’s widening trade surplus with the European Union is fuelling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing. As European officials step up vigilance to ward off a flood of Chinese goods facing higher barriers to get into the US, data already indicate that China’s surplus with the EU reached a record $US90 billion ($140 billion) in the first four months of this year. Loading... Bloomberg