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‘Dangerous for Europe’ | France Sounds Alarm on Chinese Overcapacity
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July 7, 2025
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4:45Now PlayingSpeaking to Bloomberg on Friday at the Aix-en-Provence event, French Industry Minister Marc Ferracci called for Europe to ramp up its defenses against Chinese imports.
“Another phenomenon that is concerning is the redirection of Chinese flows which were targeted to the US, and that are now coming to Europe,” Ferracci said in an interview with Bloomberg's Caroline Connan. “China has built over-capacities in a wide array of industries and that makes it quite sensitive and quite dangerous for our industries.”
His comments were echoed by French Finance Minister Eric Lombard who said Europe must shore up its tariff barriers to counter Chinese imports that risk harming the continent’s industrial economy. Europe has already taken action on steel and automobiles, but rules must be changed to allow the wider use of measures against imports from China, Lombard said.
“In the world we are in today, we must protect our industry,” Lombard said on Saturday at an economics conference in Aix-en-Provence, France. “We must do it on all industrial segments, otherwise the Chinese policy that consists of having a production capacity of more than 50% global market share in each sector will kill our industry.”
The comments underscore growing concerns in Paris that US President Donald Trump’s efforts to redraw global trade flows risk hitting Europe on several fronts, and not just because of potential tariffs on exports to the US.
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