New Economy
Thursday, 7/2, 03:45 AM
Europe's China Bind: Pushing to Rebalance Trade It Cannot Quit
- The European Union is pressing China to narrow a record goods trade deficit — about €360 billion in 2025 — and to open its market, ahead of a fraught EU-China summit.
- But Europe's deep dependence on Chinese goods, from EVs to rare earths to air cargo, means real 'de-risking' is far easier said than done.