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The trade relationship between China and the European Union is becoming increasingly fractured. Trade tensions between the two have long been simmering, but now appear to be heating up. There is little expectation for the relationship to improve,
Chinese Foreign Minister Wang Yi was in Europe to set the tone for the upcoming EU-China Summit, but the differences are such between the two sides that the summit could become meaningless and get condensed to a one-day affair.
Every Friday, we recap highlights of the news from China. This week, we are flagging some hurdles ahead of an EU summit in Beijing, and the anticipation before the release of important economic data.
China Uncensored on MSN7d
China-EU Trade War: Who Holds the Real Power?China and the EU are locked in an escalating trade war with serious global consequences. Learn how tariffs, policy clashes, and tech competition are reshaping power dynamics.
EU imports nearly all rare earths from China; experts warn of 'blackmail' risk as bloc faces pressure from Trump tariffs, Beijing's grip ahead of high-stakes EU-China summit
Undoubtedly, there is still huge potential to boost China-EU trade. The EU could help by just ratifying the landmark China-EU Comprehensive Agreement on Investment, which will create huge opportunities for EU businesses in the Chinese market. Also, the two sides could start talks on a free trade agreement (FTA).
European leaders fear a knock-down-drag-out trade war with the United States far more than their counterpart in the White House.
The EU will seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths at a summit this month, the bloc's chief said on Tuesday (Jul 8).
As President Donald Trump ramps up tariff threats on US trading partners, his administration is taking aim at a tactic said to be used by Chinese
China will impose some reciprocal curbs on medical-device procurement for companies based in the European Union, adding tensions between the two major trading partners just as Beijing seeks to shore up ties while it fights a trade war with the US.