China trade rebalancing 'existential' for EU - Commissioner Séjourné
Brussels says the trade deficit topped more than €1 billion a day in July and warns trade defence tools are on the table if talks fail.
6 Articles
6 Articles
The EU WARNS of an unsustainable trade deficit with China that is destroying jobs. The Commission is seeking an urgent solution and is ready to take trade measures if negotiations fail in October.
By October, the EU Commission is demanding that China voluntarily limit its exports and huge trade surpluses with the EU. This will be the biggest trade showdown of the autumn.
Brussels gives up the voluntary route with Beijing: if the visit of 8 and 9 October does not start commitments, anti-dumping tariffs will arrive.The entry Séjourné: rebalancing EU-China trade is ‘existent’ and Brussels prepares punitive measures aparece primero en Moncloa.
The European Commissioner for Industry warns that the EU will take into account punitive trade measures if Beijing does not rebalance the trade deficit, which costs the EU's thousands of jobs in...
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