China warns EU not to ‘fantasise’ on trade approach as Brussels confirms new ‘kill switch’
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Beijing warned Brussels not to “fantasise” that taking a hard line will force it into concessions, as the bloc confirmed plans for a gung-ho new kill switch that will allow Brussels to “immediately” kick China out of the single market. Exactly a week after the two sides struck a surprise deal to restrict the volume of hybrid cars China ships to Europe, the flare-up suggests the threat of a trade war between two of the world’s three biggest economies has far from subsided.