EU’s curbs threaten 27% of Chinese exports, says Goldman Sachs

The European Union’s existing and proposed trade measures against China could cover about 27% of its annual nominal exports to the bloc, according to Goldman Sachs, showing the stakes involved in the standoff between the two economies. Picture: Martin Bertrand/AFP/Getty Images

The European Union’s existing and proposed trade measures against China could cover about 27% of its annual nominal exports to the bloc, according to Goldman Sachs, showing the stakes involved in the standoff between the two economies.

The range of the EU’s curbs “does not translate directly to export loss, with actual impact contingent on final policy specifics and implementation,” Goldman economists Xinquan Chen and Chelsea Song said in a report Sunday.