EU, China to Hold Beijing Talks to Avert Trade War
Sefcovic is seeking limits on surging Chinese exports as the EU weighs new trade defenses and warns the deficit hit 360 billion euros in 2025.
- The European Union trade chief Maros Sefcovic will head to Beijing on Thursday for two days of make-or-break meetings with Chinese officials to stave off a trade war.
- European leaders increasingly warn of a "China Shock 2.0," as Chinese firms shift into high-tech manufacturing, while The European Union's trade deficit hit around 360 billion euros in 2025.
- Denis Redonnet, The European Union trade enforcement chief, told the European Parliament last week that sectors including machinery and chemicals face "potentially worrying trends for almost a quarter of all imports" from Chinese goods.
- Sefcovic warned in summer that The European Union expected "tangible results by Oct," though Penny Naas, director of the German Marshall Fund's Brussels office, stated, "I would not expect any kind of major breakthrough."
- Brussels is preparing new tools to protect industries and support businesses in diversifying suppliers, as China has previously retaliated against trade moves with duties on European goods.
11 Articles
11 Articles
EU trade chief heads to Beijing for make-or-break talks as trade tensions with China mount
BRUSSELS, Oct 5 — EU trade chief Maros Sefcovic will head to Beijing on Thursday for two days of make-or-break meetings with Chinese officials to try to stave off a trade...
EU, China to hold Beijing talks this week to avert trade war
EU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concerns about unfair competition from Chinese industries, a potential trade war looms. The EU aims to reduce its significant trade deficit with China, which reached around 360 billion euros last year. Sefcovic seeks action on export surges from China and plans to enhance EU's trade defense measures.
But there are new indications of a possible further crisis between China and the 27 EU countries, the world's second-largest economic power after the US. Prior to high-level European Union-China talks in Beijing, in the coming days, European concerns are partly based on chronic Western complaints about Chinese business practices, such as government support for companies and the depreciation of the renminbi currency, which has helped Chinese expo…
Europe wants to get tough on China. The risks could be enormous
When trade commissioner Maroš Šefčovič visits Beijing next week, it will be for one of the most highly charged trade negotiations ever conducted between the European Union and China. In advance of the talks, each side has issued threats that…
Next week, EU Trade Commissioner Maros Sefcovic will travel to Beijing. Almost ultimately, he is demanding concessions from China on trade. But how does he intend to enforce this demand?
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