EU sounds out industry over new trade weapon against China’s overcapacity

Brussels is rallying support among EU industry groups for a trade weapon to tackle Chinese overcapacity, as the European Commission races to propose a sweeping new tool this summer. While the contours of the new instrument remain a closely guarded secret, it is expected to be presented to Commission President Ursula von der Leyen on May 29, at a rescheduled debate on China among all 27 commissione