EU leaders ask Brussels to come up with new trade weapons to counter China shock

European Union national leaders have asked Brussels to come up with new trade instruments to deal with the economic threat posed by China, following a rare summit debate about Beijing late on Thursday night.
After a two-hour discussion, the EU’s executive branch was told to engage with China to try to fix the persistent trade problems, according to a Brussels official.
But it was also instructed “to develop and eventually complement the toolbox in the area of trade defence and industrial policy...