Von der Leyen warns of 'second China shock', vows EU trade rebalancing
In her state-of-the-union speech, European Commission President Ursula von der Leyen warned that a 'second China shock' is affecting Europe and pledged to use all available tools to rebalance trade with Beijing, though she offered few concrete measures. The sharp rhetoric is aimed at sending a message to China ahead of an October EU deadline on trade measures. This signals a hardening EU stance toward China, potentially escalating trade tensions between Brussels and Beijing.
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EU Signals Assertive Trade Rebalancing Against China Amid 'Tipping Point' Deficit
European Commission President von der Leyen has confirmed the EU-China trade deficit has reached a 'tipping point' and warned of a 'second China shock', pledging to use all available tools to rebalance the relationship. This rhetoric signals a hardening EU stance and potential shift toward more assertive trade measures against China, though specific actions remain unspecified. The statements precede an October EU deadline on trade measures, indicating a potential escalation of trade tensions.