EU-China talks enter critical phase as trade chief Šefčovič touches down in Beijing
Good morning. Mared Gwyn and Angela Skujins with you again this Thursday morning. Today: the EU’s trade chief holds crunch talks in Beijing, Maricarmen’s death sends shockwaves in Spain, and student protests persist in France.
EU Trade Chief Maroš Šefčovič arrived in Beijing yesterday to address the EU's high trade deficit with China. The EU is facing a €1 billion-a-day deficit, as cheap Chinese imports threaten critical EU industries. Brussels is demanding product quotas to curb Chinese imports, but China has already rejected voluntary export restrictions on EVs.
China's monopoly on rare earth production and processing provides it with significant leverage in negotiations. Šefčovič faces pressure to deliver concrete results to EU leaders who gather in Brussels next week.
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