EU sends envoy to Beijing as rising exports from China raise economic anxiety
The envoy will press Beijing to open markets as Chinese exports to the EU rose 15.3% in the first eight months, customs data showed.
- 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.
10 Articles
10 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
Associated Press News
EU sends envoy to Beijing as rising exports from China raise economic anxiety
The European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partner.
A growing $359.8 billion trade deficit with China has prompted the European Union to consider new measures. France and Germany are demanding tools that could restrict market access to counter China's cheap production, while Beijing has warned of a trade war. 🚆
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