EU-China trade talks begin in Beijing amid escalating pressure
Headline from Al Jazeera · compiled from 4 sources
Al Jazeera reports that European Trade Commissioner Maros Sefcovic has arrived in Beijing for talks on the European Union's (EU) growing trade deficit with China[1]
According to Al Jazeera, 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[1].Al Jazeera, citing the Financial Times, says China rejected the EU request for voluntary curbs on Chinese hybrid car exports[1].Al Jazeera reports that Emmanuel Macron and Friedrich Merz called on the EU to prepare a "credible instrument" that could be quickly activated to strike back against countries that harm the bloc economically[1].According to Al Jazeera, China's commerce ministry warned France and Germany to "avoid going down the wrong path in the wrong way, only to ultimately suffer the consequences themselves."[1]Euronews reports that since they began last June, negotiations between the Commission and Beijing have made little progress[2].Arab News quoted Penny Naas of the German Marshall Fund, who said: "There may be a few crumbs, but I would not expect any kind of major breakthrough"[3].Forbes reports that EU leaders will discuss next steps at the European Council summit on October 15-16[4].
Sources
- [1]EU-China trade talks begin in Beijing amid escalating pressure | European Union News | Al Jazeera
- [2]EU-China trade tensions: Five things to know as Brussels and Beijing face crunch talks | Euronews
- [3]Arab News | EU, China to hold talks in Beijing to avert trade war
- [4]EU-China Trade Feud Reaches Defense Sector Ahead Of Beijing Talks
Every sentence here reports what a named outlet said, with a link to it. Compiled by 93 from the reporting below.
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