EU, China Set October Deadline to Ease Trade Disputes as €360 Billion Deficit Fuels Tensions
Updated
Updated · Bloomberg · Jun 30
EU, China Set October Deadline to Ease Trade Disputes as €360 Billion Deficit Fuels Tensions
3 articles · Updated · Bloomberg · Jun 30
Summary
October is the target for EU and Chinese negotiators to deliver tangible progress on trade disputes after talks in Brussels, EU trade chief Maros Sefcovic said.
Sefcovic said not every issue would be resolved by then, but both sides believe their teams have enough time over the next three months to produce concrete results.
The deadline builds on a new high-level Trade and Investment Consultation Mechanism agreed with Chinese Commerce Minister Wang Wentao to manage worsening commercial friction.
At stake is the EU’s roughly €360 billion annual trade deficit with China, a gap that has sharpened pressure to reset ties and avoid a broader trade conflict.