EU backs trade ‘kill switch’, China exports surge, third-quarter GDP

What happened: EU leaders backed work on a trade "kill switch" that could shut out Chinese goods, after record low-cost imports widened the bilateral trade deficit. Leaders asked for a proposal by year-end. Why it matters: The move signals EU readiness to act on Chinese imports, with officials set to start developing the tool after von der Leyen raised it at a Brussels meeting. Key numbers: Proposal requested by year-end.

EU leaders backed work on a trade "kill switch" that could shut out Chinese goods, after record low-cost imports widened the bilateral trade deficit. Leaders asked for a proposal by year-end.

The move signals EU readiness to act on Chinese imports, with officials set to start developing the tool after von der Leyen raised it at a Brussels meeting. Key numbers: Proposal requested by year-end.