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 holding talks with Chinese officials in Beijing, aiming to avoid a trade war before an October deadline set by Brussels. Denis Redonnet, the EU's top trade enforcement officer, is leading the delegation, having been appointed as China trade policy point person. The European Union's top trade official, Ditte Juul Jorgensen, will join the delegation later this month.
Brussels is concerned about China's increasing exports to the bloc, which have surged in recent months, leading to a trade deficit. Jorgensen stated that the EU sees an "untenable situation" in China's exports, which are driven by undeclared subsidies, an undervalued currency, and industrial overcapacity. The EU is developing a "diversification instrument" to compel companies to increase their number of suppliers, potentially imposing tariffs on Chinese goods if no progress is made by October.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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