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A flood of discounted Chinese imports is set to compound the economic dangers to Europe from Donald Trump’s tariffs, analysts warn, prompting Brussels to prepare measures to protect itself from a wave of cheap goods from Asia.

The direct impact of the US president’s 20 per cent levy on EU products has sparked fears about the outlook for the bloc’s embattled manufacturers, who are already reeling from US levies on cars and steel. But the severity of Trump’s tariffs on economies such as China and Vietnam means Brussels is now on alert for an influx of Asian products like electrical goods and machine appliances being diverted into its own markets. The Commission is preparing fresh emergency tariffs to respond, officials said, adding that they have stepped up surveillance of import flows.

“The immediate trade shock to Asia will probably reverberate back to Europe,” said Deutsche Bank’s chief Germany economist Robin Winkler. Chinese manufacturers will try to sell more of their products in Europe and elsewhere as they face “a formidable tariff wall in the US”.