EU Leaders Debate China Trade Imbalance

European Union leaders are set to convene and discuss potential new measures to address the escalating trade deficit with China. The bloc is increasingly concerned about its significant reliance on China for critical resources like rare earths. Diplomats indicate a growing consensus among the 27 member states that the current goods trade imbalance, amounting to approximately €1 billion, requires a more robust and unified response to mitigate economic vulnerabilities.