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China's Commerce Ministry warned that Beijing would 'respond firmly' if the European Union imposes new restrictions on Chinese businesses or products, escalating trade tension between the two blocs. The warning comes amid ongoing EU scrutiny of Chinese exports and investment in strategic sectors. The statement adds to a broader pattern of friction between China and Western trading partners this year, raising the risk of tit-for-tat measures that could affect global supply chains and markets.
Sources:CNBC Top News