EU threatens trade war with China if Beijing fails to commit to fair competition
The European Commissioner for Trade, Maroš Šefčovič, is in Beijing with an ultimatum: unless China makes a serious commitment to fair competition rules by Friday, Brussels will declare a trade war. This marks a significant escalation in EU-China trade tensions, following the US lead under Trump. The outcome is uncertain, but a breakdown could trigger retaliatory tariffs and disrupt global supply chains.
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EU-China Trade Defense: Hybrid Car Export Talks in Beijing Amid Tariff Threat
EU Trade Commissioner Maros Sefcovic is conducting two days of 'supercrucial' talks in Beijing with Chinese Trade Minister Wang Wentao, aiming to address a bilateral trade deficit of approximately €1 billion per day and curb Chinese hybrid car exports. China has reportedly rejected an EU request to voluntarily limit hybrid vehicle exports, increasing the likelihood of EU retaliatory tariffs. The outcome of these talks will determine the immediate trajectory of EU-China trade relations.