EU leaders to tackle China exports, energy prices, budget at summit
European Union leaders aim to implement new trade defense tools as the bloc’s goods deficit with China hit €103 billion in the second quarter, Eurostat 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.
241 Articles
241 Articles
BRUSSELS 'Reunited for the first European summit after the summer break, the rulers of the European Union have animatedly discussed the energy shock of these weeks. Beyond asking...
The Heads of Government had set themselves urgent economic issues for their summit, including high energy prices, but the countries did not come into action. These are the reasons.
EU leaders in Brussels are looking at the crisis of rising energy prices and budget disputes, amid pressures to enhance competitiveness and confront Chinese exports, after the trade deficit with Beijing reached $400 billion.
President Antonio Costa will present concrete measures for the twenty-seven to discuss after discussing the Budgets
The leaders of the European Union opened their summit in the Belgian capital, Brussels, on Thursday, amid sharp differences on ways to cope with the surge in energy prices, the mechanisms for financing the conglomerate budget, dealing with the flow of Chinese exports, and at a time when Europe is facing increasing economic and security challenges.
Some leaders also call for review of bloc's electricity market design
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