France, Germany Plan 'Roadmap' to Tackle China Trade Imbalances
The EU trade deficit with China hit about 360 billion euros in 2025, as France and Germany seek faster action on market investigations.
- On Friday, French President Emmanuel Macron and German Chancellor Friedrich Merz announced a joint "roadmap" by September to address China's trade practices, declaring France and Germany have "never been so closely aligned" on strategy.
- Citing a daily deficit of nearly $1.15 billion with Beijing, Macron stated Europe is "right now we are being shaken" by trade imbalances, while the European Union's goods trade deficit with China reached around 360 billion euros in 2025.
- The European Commission faces calls to move "much faster" in deploying trade defense instruments, as Macron noted China subsidizes companies eight times more than Organisation for Economic Co-operation and Development nations.
- Economy, finance, and foreign ministers were tasked with formulating the plan, which includes dialogue on exchange rates and financial market access; Merz added that if the Chinese currency is "correctly valued," there is no reason to block its convertibility.
- Regarding industrial projects and the Capital Markets Union, the leaders concluded October through December is "really the time for action," marking a strategic shift for the European Union's traditionally cautious approach toward Beijing.
14 Articles
14 Articles
Germany and France to Draw Up Roadmap on China Trade Imbalances
Chancellor Friedrich Merz said widening trade imbalances between the European Union and China must be addressed as Germany and France aligned more closely on a firmer stance on the world’s No. 2 economy.
France, Germany plan 'roadmap' to tackle China trade imbalances
The European Union is grappling with how to deal with China's growing flood of exports, which critics say are supported by generous states subsidies, as well as an allegedly undervalued currency that makes its products cheaper. The bloc has been struggling to come up with a clear position, with France long pushing for a tougher approach while Germany -- whose businesses are more heavily invested in China -- has traditionally taken a more cautiou…
France, Germany Unite On Tougher China Trade Policy
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News By Jerry Hugh French President Emmanuel Macron and German Chancellor Friedrich Merz today declared a significant alignment on tougher trade measures against China, demanding new “emergency measures” to shield European industry. This united front emerged from a joint ministerial meeting near Cologne, Germany, amid es…
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- 38% of the sources lean Left, 37% of the sources are Center
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