US may offer EU to impose export restrictions on China

The US has raised with European allies the idea of drawing upon lessons from the export control regime they’re using to punish Russia to target China, according to people familiar with the matter, Report informs referring to Bloomberg.

The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December. The allies have cooperated on restricting exports to Moscow since President Vladimir Putin invaded Ukraine, and the Biden administration is exploring using some of the same information sharing and enforcement coordination to reinforce its own bilateral restrictions on exports to China, said the people, who asked for anonymity to address sensitive topics.

So far, the people added, the EU isn’t inclined to consider following the same approach to China as with Russia because the circumstances are different, but one of the people said there may be room to look at goods that could be used by

Beijing to bolster its military capability. It’s unclear whether the topic will come up when US Trade Representative Katherine Tai meets EU trade ministers who are in Prague for an informal meeting on Monday.

Latest news

Erdogan expected to visit Syria 22 December, 2024 / 14:32