EU Trade Chief Stresses Need for Protection in China Relationship

The European Union (EU) does not intend to decouple from China but seeks to protect itself when its openness is abused, according to Valdis Dombrovskis, the EU's Executive Vice President. As tensions rise over geopolitics and trade, the EU aims to establish more balanced economic ties with China. Dombrovskis highlighted the EU's significant trade deficit with China and emphasized the need to minimize strategic dependencies. He also called for China to broaden access for foreign businesses and maintain a stable business environment for fair trade relations. The EU's investigation into potential punitive tariffs on Chinese electric vehicle imports is part of its efforts to address trade imbalances.