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EU trade chief in talks with China to rebalance 'unsustainable' deficit
Seeking Alpha ·
Seeking Alpha reports: The European Union is expected to take a more assertive stance during negotiations with China starting Thursday, aiming to secure commitments from Beijing to rebalance their trade relationship. European Trade Commissioner Maroš Šefčovič is in Beijing for a two-day meeting with Chinese Commerce Minister Wang Wentao. He said the first goal is to rebalance the EU's "unsustainable trade deficit" with China, which runs at ~€1B ($1.1B) per day. "The message around the table…
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EU-China trade talks begin in Beijing amid escalating pressureRead story summary
European Trade Commissioner Maros Sefcovic has arrived in Beijing for talks on the European Union’s (EU) growing trade deficit with China. Sefcovic will meet Chinese Commerce Minister Wang Wentao on Thursday and Friday after months of discussions over the EU’s trade deficit of more than €1bn ($1.12bn) daily, as well as Chinese curbs on exports of rare ...
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