The Fort Worth Press - EU, China trade tensions loom over minister visit

USD -
AED 3.672497
AFN 62.999908
ALL 82.732897
AMD 367.370222
ANG 1.790403
AOA 916.999726
ARS 1479.022976
AUD 1.451126
AWG 1.80125
AZN 1.700068
BAM 1.716442
BBD 2.015885
BDT 123.112028
BGN 1.69088
BHD 0.377375
BIF 2972.662249
BMD 1
BND 1.295099
BOB 6.916495
BRL 5.171902
BSD 1.000921
BTN 93.946202
BWP 13.602176
BYN 2.902892
BYR 19600
BZD 2.012989
CAD 1.41942
CDF 2267.499569
CHF 0.809845
CLF 0.023439
CLP 922.489761
CNY 6.79815
CNH 6.80298
COP 3439.65
CRC 454.429769
CUC 1
CUP 26.5
CVE 96.770372
CZK 21.276996
DJF 178.235113
DKK 6.56418
DOP 58.809075
DZD 133.424898
EGP 49.561298
ERN 15
ETB 161.36601
EUR 0.87818
FJD 2.266102
FKP 0.757679
GBP 0.757625
GEL 2.645016
GGP 0.757679
GHS 11.285269
GIP 0.757679
GMD 72.999567
GNF 8770.020624
GTQ 7.63614
GYD 209.469481
HKD 7.84203
HNL 26.780464
HRK 6.615899
HTG 130.8175
HUF 310.931025
IDR 17837
ILS 3.00205
IMP 0.757679
INR 94.36055
IQD 1311.158892
IRR 1375249.999747
ISK 126.459585
JEP 0.757679
JMD 157.637457
JOD 0.708966
JPY 161.749814
KES 129.469659
KGS 87.449866
KHR 4017.727851
KMF 434.000183
KPW 900.00035
KRW 1537.784438
KWD 0.30961
KYD 0.834087
KZT 485.637808
LAK 21969.371188
LBP 89630.523498
LKR 336.443021
LRD 182.31603
LSL 16.452675
LTL 2.95274
LVL 0.60489
LYD 6.42503
MAD 9.385493
MDL 17.746281
MGA 4233.621484
MKD 54.091886
MMK 2099.260826
MNT 3579.633879
MOP 8.085217
MRU 39.945588
MUR 47.719936
MVR 15.449437
MWK 1735.574181
MXN 17.511385
MYR 4.087987
MZN 63.894249
NAD 16.452675
NGN 1378.739811
NIO 36.83356
NOK 9.945915
NPR 150.313748
NZD 1.773185
OMR 0.384502
PAB 1.000921
PEN 3.41305
PGK 4.39247
PHP 61.296007
PKR 278.550353
PLN 3.76523
PYG 6109.087718
QAR 3.648427
RON 4.602603
RSD 103.014612
RUB 78.961553
RWF 1465.794901
SAR 3.758743
SBD 8.051953
SCR 14.057835
SDG 600.000277
SEK 9.73693
SGD 1.294515
SHP 0.746601
SLE 24.818945
SLL 20969.503664
SOS 572.030366
SRD 37.482991
STD 20697.981008
STN 21.501602
SVC 8.757734
SYP 110.532098
SZL 16.443021
THB 33.421313
TJS 9.263329
TMT 3.5
TND 2.966607
TOP 2.40776
TRY 46.623199
TTD 6.802405
TWD 31.862031
TZS 2629.994966
UAH 44.926675
UGX 3673.702225
UYU 40.177279
UZS 12022.46698
VES 620.752985
VND 26300
VUV 119.209429
WST 2.780882
XAF 575.678617
XAG 0.017063
XAU 0.000246
XCD 2.70255
XCG 1.803853
XDR 0.715959
XOF 575.678617
XPF 104.664531
YER 238.625049
ZAR 16.470505
ZMK 9001.226049
ZMW 18.029751
ZWL 321.999592
  • CMSC

    -0.1160

    21.93

    -0.53%

  • RBGPF

    3.7000

    65

    +5.69%

  • RYCEF

    0.3900

    18.39

    +2.12%

  • BCE

    -0.2800

    22.92

    -1.22%

  • BCC

    1.2600

    81.02

    +1.56%

  • RIO

    -1.3700

    93.74

    -1.46%

  • NGG

    -0.4100

    83.01

    -0.49%

  • CMSD

    -0.1600

    21.77

    -0.73%

  • GSK

    0.6100

    52.5

    +1.16%

  • VOD

    0.0300

    13.89

    +0.22%

  • JRI

    0.2100

    12.79

    +1.64%

  • RELX

    0.4200

    31.34

    +1.34%

  • BP

    -0.5900

    37.13

    -1.59%

  • BTI

    0.2800

    62.76

    +0.45%

  • AZN

    2.7300

    188.41

    +1.45%

EU, China trade tensions loom over minister visit
EU, China trade tensions loom over minister visit / Photo: © CN-STR/AFP/File

EU, China trade tensions loom over minister visit

Europe and China will gauge whether trade frictions can be resolved through talks Monday when top EU trade official Maros Sefcovic hosts his Chinese counterpart Wang Wentao in Brussels for day-long discussions.

Text size:

The European Union has turned its attention to China as Brussels frets over increasing trade imbalances between the 27-nation bloc and the Asian powerhouse.

The issue is existential for the EU.

Brussels fears it will lose certain industries entirely if it does not act against a glut of cheap goods made in China threatening manufacturers in Europe.

Wang's visit comes less than two weeks after EU leaders tasked the European Commission with tackling the issue through talks with Beijing -- while simultaneously preparing beefed-up defence measures to protect key sectors.

Sefcovic will tell Wang the current imbalances are unsustainable for the EU before hosting the Chinese minister for a special dinner on Monday evening.

The EU's trade deficit in goods hit around 360 billion euros ($410 billion) in 2025, meaning the bloc imported way more from China than it exported there.

In turn, Wang will likely seek to understand how serious the EU is in threatening to deploy its trade defence armoury against Beijing.

But the EU still hopes to avoid a trade war with its second-largest trading partner for goods alone, according to the European Commission -- with China making clear it will retaliate against actions it views as unfair.

- Following Trump's playbook? -

Europe insists on the need for a level-playing field, pointing out that Chinese firms have an unfair advantage because of massive state subsidies.

The numbers support Brussels' argument. Between 2005 and 2024, Chinese companies received around three to eight times more government support than businesses in the Organisation for Economic Co-operation and Development, according to the OECD, which called it "a conservative estimate".

The EU has an arsenal of trade defence tools it can use to address the issue.

These include imposing higher tariffs if investigations prove companies are selling goods at unfairly low prices or if there is state support that gives an unjust advantage to the manufacturers.

Brussels could also slap restrictions known as safeguard measures -- including quotas -- if there is a sudden surge in imports.

New measures are likely also on the way.

The European Commission, which leads EU trade policy, is working on an instrument that would force businesses to diversify their suppliers in critical sectors like chips and rare earths.

And French President Emmanuel Macron in May proposed a European "Section 301" -- the trade tool US President Donald Trump has employed to set higher tariffs for certain sectors after investigations.

- 'Not enemies' -

The EU has taken several measures to confront soaring imports from China including doubling its duties on foreign steel, slapping higher levies on small parcels from abroad and hefty tariffs on Chinese-made electric vehicles.

Despite growing acceptance of the need to get tougher however, Brussels has shown zero appetite for a painful trade war with Beijing.

Beijing warns it is ready to respond to any measures it believes target China.

They are not empty threats for the EU since China previously slapped duties on European cognac and conducted anti-dumping probes into pork and dairy products.

The warning weighs on EU capitals.

Germany has until recently been more cautious since it is more exposed to China's economy but the biggest supporter of a more pragmatic approach has been Spain as it seeks Beijing's investment.

Although he echoed China's retaliation warning last week, Beijing's envoy to the EU Cai Run also urged dialogue as he told a Brussels audience that the bloc and Beijing were "partners, not rivals, and certainly not enemies".

The relationship is significant for China too: the EU is its second-largest trading partner.

After dinner with Sefcovic, Wang will head to London.

W.Lane--TFWP