EU sends envoy to Beijing as rising exports from China raise economic anxiety
Maros Sefcovic seeks market access and export limits as EU officials warn Chinese subsidies are deepening losses in cars, batteries and other industries.
- On Thursday, European Commission trade envoy Maroa arrived in Beijing for a two-day meeting with Chinese Commerce Minister Wang Wentao to address the EU's €360 billion trade deficit.
- Lawmakers in Strasbourg voted 454 to 86 on Wednesday for a resolution demanding economic reciprocity, reflecting broad anxiety over the EU's daily trade deficit exceeding $1 billion and potential job losses.
- This past weekend, Beijing launched an anti-dumping probe into EU p-nitrotoluene exports, following its warning that it would take retaliatory actions against protectionist measures.
- France and Germany proposed empowering the Commission to use the "trade bazooka," though Spain remains less adversarial toward China, complicating unified bloc strategy.
- European Commission President Ursula von der Leyen called the situation a "China shock" for Europe, though complete disengagement from Beijing remains economically impossible for the bloc.
158 Articles
158 Articles
EU's $1 Billion Daily Trade Gap With China Tests Brussels' Resolve in Beijing Talks
EU Trade Commissioner Maroš Šefčovič is in Beijing pressing China to address a record €1 billion daily trade deficit that threatens European industry. With an October deadline looming and leaders meeting next week, the talks test whether dialogue can deliver results or if tougher measures are inevitable. The outcome will shape Europe's industrial future.
To the various problems is added one that no one wants to face: the EU's trade deficit with China, more than EUR 1 billion per day.
EU, China at trade crossroads amid strict market access plans threatening new trade war
Germany joins France urging EU to impose retaliatory tariffs, restrict market access to shield European manufacturing’s competitiveness from subsidized Chinese competition, which Beijing calls discriminatory and violating of WTO rules
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