EU-China trade war looms closer
Europe’s trade deficit with China has sparked growing alarm on the continent, which fears Chinese goods will hollow out its industries.
The EU trade commissioner has urged China to address trade imbalances with the bloc, but ongoing negotiations have seen little progress and mounting tensions. Europe's trade deficit with China has raised concerns about the potential hollowing out of European industries, leading to job losses and political instability. Initial proposals, such as China voluntarily capping its exports of hybrid vehicles to the EU, were rejected by Beijing.
Experts now warn that a trade war may be imminent, with Germany and France advocating for the EU to prepare new measures to counteract the impact of a potential conflict.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
