EU Takes Tough Stance on China's Trade Practices at Summit

1 min read
Source: POLITICO Europe
EU Takes Tough Stance on China's Trade Practices at Summit
Photo: POLITICO Europe
TL;DR Summary

China has rejected a complaint by the European Commission President over the EU's trade deficit with China, stating that the EU bears responsibility for the imbalance due to restrictions on high-tech exports. The Chinese Foreign Ministry spokesperson argued that the current state of trade is influenced by macroeconomic factors, international trade conditions, and the industrial composition of both sides. The EU has been highlighting its trade deficit with China, which reached a record €390 billion in 2022, ahead of the summit between European and Chinese leaders.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

1 min

vs 2 min read

Condensed

69%

27786 words

Want the full story? Read the original article

Read on POLITICO Europe