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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.
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Lean Left

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Lean Left

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Kathimerini English Edition broke the news in Athens, Greece on Monday, October 12, 2026.
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