EU-China trade talks open in Beijing over €1bn daily deficit, rare earth curbs
EU and Chinese officials began trade negotiations in Beijing addressing the €1bn daily trade deficit and China's rare earth export restrictions. The talks mark a high-stakes attempt to de-escalate trade tensions, though outcomes remain uncertain given divergent positions on market access and strategic minerals.
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EU-China Crunch Talks on Hybrid Car Exports and Trade Deficit
EU Trade Commissioner Maros Sefcovic is conducting two days of talks in Beijing with Chinese officials to address the EU's significant trade deficit, estimated at €1 billion daily, and the surge in Chinese hybrid car exports. While the EU seeks a pilot agreement to curb these exports and has hardened protectionist demands from member states, China has reportedly rejected prior requests for voluntary export limits. The outcome of these negotiations remains uncertain, with potential for either de-escalation or an escalation to retaliatory tariffs.