Weber Urges Tougher EU Curbs on China Over €1 Billion-a-Day Trade Gap
Updated
Updated · Reuters · Jun 7
Weber Urges Tougher EU Curbs on China Over €1 Billion-a-Day Trade Gap
3 articles · Updated · Reuters · Jun 7
Summary
Manfred Weber said the EU must harden its trade policy toward China, arguing Beijing's industrial strength now threatens Europe's industrial base and high-quality jobs.
Nearly €1 billion a day in EU trade deficit with China is no longer sustainable, Weber said, warning that without stronger defenses China could "flatten" parts of European industry.
June 18 EU summit talks are expected to cover protective measures prepared by the European Commission, including possible tariffs, giving Weber's intervention immediate policy relevance.
Brussels should use access to the EU single market as leverage, Weber said, while also urging EU-funded overseas projects exclude Chinese firms and proposing China be shut out of Europe's 6G development.