EU Will Use All Tools to Cut China Trade Deficit, Von Der Leyen Says

Von der Leyen vows tough stance with China, using EU’s tools to rebalance trade

European Commission President Ursula von der Leyen has reaffirmed the bloc’s resolve to use all available tools to rebalance trade with China. After opening remarks about energy and innovation during her annual State of the Union speech at the European Parliament on Wednesday, she quickly pivoted to the EU’s trade deficit with China and contended that the “second China shock” had already arrived. She argued that European firms must compete on a …

EU warns China trade imbalance must be addressed

The European Union is preparing to use a broader range of economic measures to reduce what European Commission President Ursula von der Leyen described as an unsustainable trade deficit with China. Speaking to the European Parliament on Wednesday, von der Leyen said the imbalance had reached a critical point, with the EU running a goods […]

EU will use all tools to cut China trade deficit, von der Leyen says

BRUSSELS, Sept 16 (Reuters) - The European Union will use every possible means to reduce its "unsustainable" trade deficit trade with China, ​European Commission President Ursula von der ‌Leyen said on Wednesday. Von der Leyen said that the imbalance, ...

European Union will use all tools to cut China trade deficit, von der Leyen says

The European Union will employ all available tools to address its trade imbalance with China. Ursula von der Leyen stated the deficit has reached a critical tipping point. Europe faces deindustrialisation, which is a significant concern for the bloc. The EU seeks tangible results from ongoing dialogue with China by October. Additionally, the bloc will establish a new corporation for critical raw materials.