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Macron is pushing Europe into $900 billion fight with China
Credit: IndiaTimes- Published on September 26, 2023
France is playing a key role in shaping the European Union's tougher approach to China, driven by concerns that Beijing's trade practices pose a threat to core industries. French President Emmanuel Macron wants Europe to be a balancing force between the US and China, allowing Paris and other capitals to cultivate relationships...
Video credit: AFP English
Published on September 26, 2023 - 00:41
EU trade chief warns of ballooning deficit with China
Speaking at the end of a four-day trip to China, the EU trade commissioner Valdis Dombrovskis raises the issue of Europe's ballooning trade deficit with China, which he says has reached 400 billion euros ($423 billion). Economic relations between China and the EU were thrown into the spotlight this month after the bloc launched a probe into Chinese subsidies for its electric vehicle industry.