EU-China Launch High-Level Trade Dialogue to Ease Imbalances
The EU and China agreed to set up a Trade and Investment Consultation Mechanism to manage tensions and address a widening European trade deficit, organizing four categories—trade/investment balancing, export controls, intellectual property rights, and WTO reform—with an immediate working group on balancing to begin data-sharing and enable political-level action if imports destabilize. A roadmap with deliverables is due soon, with first tangible results expected after Maroš Šefčovič’s October visit. China said its export controls on rare earths will not disrupt EU supply chains, while Brussels presses to curb the EU’s roughly €1 billion-a-day deficit with Beijing.
