EU Readies Tougher China Trade Stance as USD 1 Billion-a-Day Gap Widens
5 Articles
5 Articles
Two days of Sino-European negotiations are aimed at avoiding a trade war, while European leaders are rising in the face of the size of the EU's trade deficit: EUR 1 billion a day. France and Germany have tightened their positions on the eve of this meeting.
The European Union is preparing for a trade confrontation with China, on the basis of a deficit of over $1 billion a day and fears of job loss. Brussels is analysing tough measures, including trade restrictions.
The European Union (EU) is preparing for talks with Beijing with a tougher stance in order to reduce its trade deficit and avoid a potential trade war.
The EU Trade Commissioner is visiting China while the EU is recording a trade deficit with China exceeding €1 billion per day and is heavily dependent on rare earth supplies from this market. France and Germany want the EU to take a stronger stance against trade pressure from China. New EU tariffs are dealing a blow to the low-price sales model of Chinese e-commerce platforms. China adds 14 EU entities to its export control list.
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