China will not flood Irish and European markets with goods, Ambassador says

News Snapshot:

CHINA WILL NOT flood the Irish or European markets with its goods as a result of the trade war with the US, China’s Ambassador to Ireland has said. There are growing fears that the intensifying tariffs between the US and China will result in the European market being overburdened with goods from Beijing, especially as Brussels already feels that certain sectors are currently overcapacity. European Commission President Ursula von der Leyen emphasised the EU’s opposition to this during a phone call with the Chinese Prime Minister Li Qiang last week, telling him that his country has a critical role to...