EU leaders to tackle China exports, energy prices, budget at summit
Leaders are weighing new trade defenses after a €360 billion goods deficit with China and pressure to ease energy costs and budget disputes, officials said.
- 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.
286 Articles
286 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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European Council: Key Greek and Italian Proposals on Energy Not Adopted
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EU leaders demand action on energy prices
Due to the adverse impact of the current geopolitical context on global supply chains, energy security, and energy and fuel prices — with particular regard to households and industry — the members of the European Council, meeting in Brussels, stressed the critical importance of addressing high energy prices.
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
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