EU sends envoy to Beijing as rising exports from China raise economic anxiety
Maros Sefcovic is seeking to narrow the EU’s 360 billion euro trade deficit as lawmakers weigh tariffs and tougher anti-coercion measures.
- 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.
26 Articles
26 Articles
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
Brussels calls for concrete progress after three months of negotiations with Beijing and warns that the current trade imbalance with China is not sustainable
European Union (EU) Trade Commissioner Maroš Šefčovič said on Thursday that the bloc's trade deficit with China was "unsustainable," as he kicked off two days of talks in Beijing aimed at averting a trade war.
EU Trade Commissioner Sefcovic complains of a "non-sustainable trade deficit". He wants to make progress during talks in Beijing. China relies on dialogue.
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