EU trade enforcers descend on Beijing demanding China fix ‘untenable’ imbalances
A delegation from the European Commission has been locked in talks with Chinese officials in Beijing, as the sides look to find a diplomatic off-ramp from a looming trade war before an October deadline set by Brussels. The EU team was spearheaded by Denis Redonnet, the bloc’s top trade enforcement officer, who was recently made point person on China trade policy – a recognition that in EU…
A European delegation has been meeting with Chinese officials in Beijing to address what the EU perceives as "untenable" trade imbalances. The delegation, led by Denis Redonnet, the EU's top trade enforcement officer, aims to find a diplomatic solution before the October deadline. The European Union is particularly concerned about China's exports, which have surged recently and may be boosted by subsidies and an undervalued currency.
EU officials fear that these factors could deindustrialize parts of the European economy by undercutting local producers. The EU has proposed concrete solutions but expects China to take action. The trade talks follow a series of online contacts and are expected to inform EU Commission President Ursula von der Leyen's State of the Union speech on September 16. If negotiations stall, von der Leyen may announce new measures or investigations during her speech.
Written by urgent.news from Reuters Business via SCMP's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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