EU gets tough on China as trade imbalance stokes deindustrialisation fears
GCC News
Talks between EU trade commissioner and Chinese commerce minister come as bloc seeks to limit influx of Chinese imports.
As European Union trade commissioner Maros Sefcovic hosted Chinese Commerce Minister Wang Wentao in Brussels for talks on Monday, the Slovak diplomat was all smiles.
But behind the diplomatic niceties, Sefcovic’s message to China rang out loud and clear.
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Addressing the media after a marathon day of negotiations with Wang, Sefcovic may not have literally said “enough is enough,” but he hardly needed to.
“China’s exports to the EU keep rising, while our market share in China keeps shrinking,” Sefcovic said.
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