EU Commission Declares Trade Ties With China ‘Not Sustainable’
The European Commission has called for a more robust response to surging Chinese imports and growing economic imbalance.
TL;DR
- The European Commission stated that the EU's trade and investment relationship with China is no longer sustainable.
- This assessment was made ahead of the G7 summit and European Council meeting.
- The discussion aims to shape future policy, with no major proposals expected until the third quarter.
- The EU will continue engaging with China, pursuing a 'de-risking' strategy instead of full economic decoupling.