New York Times: As Beijing adopts more aggressive trade policies and as imports from China into Europe soar, European leaders and companies are fretting over their reliance on Chinese products — and debating how to pull back. With China only growing more dominant in manufacturing, Europe sees an existential threat to its own industries.
“The tone is basically panic,” said Jeromin Zettelmeyer, director of Bruegel, an economic think tank in Brussels. “There’s a sense of imminent collapse of industry, of imminent danger.”…