EU leaders to tackle China exports, energy prices, budget at summit
Leaders will press Beijing on trade imbalances, seek relief for households and industry, and prepare a November budget summit after talks stalled.
- 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.
285 Articles
285 Articles
On the one hand 17 countries, on the other, six - those that pay the most for the budget. But this is not the only issue that is causing the summit tension: the control of the cost of energy. The issue of trade with China seems to be more peaceful.
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