EU leaders to tackle China exports, energy prices, budget at summit
- European Union leaders convene in Brussels on Thursday to debate curbing surging Chinese exports and addressing broader economic competitiveness amid trade imbalances.
- Franco-German proposals released last week focus on restricting imports of chemicals and PET, calling for rapid retaliation measures against countries harming the bloc's economy.
- The trade deficit with China reached €360 billion , prompting a senior European Union diplomat to warn, "Every month that goes by, thousands of jobs are lost."
- Leaders will discuss European Commission proposals for the next seven-year budget while several European Union countries placed high energy prices on the agenda as an issue of "critical importance."
- On Friday, President Volodymyr Zelenskiy is due to attend to discuss Ukraine's funding needs for 2027, while leaders will address the bloc's methane emissions rules and additional short-term energy measures.
256 Articles
256 Articles
EU summit focuses on competitiveness, energy prices amid mounting economic pressure
European Union (EU) leaders gathered in Brussels on Thursday for a two-day summit which focused on economic competitiveness, high energy prices and the bloc's next long-term budget, with the first day ending amid differences in views and the cancellation
Since the beginning of the Iran war, the EU has also paid more than 100 billion euros for energy imports. Chancellor Merz and his EU colleagues want more joint action against the high prices.
BRUSSELS 'Reunited for the first European summit after the summer break, the rulers of the European Union have animatedly discussed the energy shock of these weeks. Beyond asking...
Italy, Greece and Visegrad try to water down Community climate ambition
The Heads of Government had set themselves urgent economic issues for their summit, including high energy prices, but the countries did not come into action. These are the reasons.
EU leaders in Brussels are looking at the crisis of rising energy prices and budget disputes, amid pressures to enhance competitiveness and confront Chinese exports, after the trade deficit with Beijing reached $400 billion.
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