EU and China at Critical Juncture as Trade Tops $920B But Major Imbalances Persist

EU trade chief says China relationship is at a "make-or-break moment" during Beijing visit
EU logged record $921B trade with China in 2022, but has deficit of almost $400B
EU investigating Chinese subsidies for electric vehicle makers, risks "decoupling"
EU stresses "de-risking" from China, not full "decoupling" like U.S. approach
EU and China have deep interests to avoid retaliation tariffs over EV probe

cnbc.com

Relevant topic timeline:

9/14/2023

EU Launches Probe into Chinese EV Makers, Drawing Angry Response from China and Stoking Trade Tensions

The European Union's increasing scrutiny of Chinese electric-vehicle companies has caused tension between the two, impacting the EV space and EU-China relations.

9/18/2023

China Urges EU to Reject Protectionism, Maintain Open Attitude in Trade Relations

China's Foreign Minister Wang Yi emphasizes the importance of maintaining an "open attitude" and rejecting protectionism in China-EU cooperation, stating that the two sides are partners rather than rivals.

9/21/2023

China, EU to Hold High-Level Economic Talks Amid Ongoing Trade Tensions

The 10th China-European Union High-Level Economic and Trade Dialogue will take place in Beijing on Sept. 25, with co-chairs Chinese Vice-Premier He Lifeng and European Commissioner for Trade Valdis Dombrovskis.

9/25/2023

EU-China Business Ties Fraying Amid Growing Tensions

The EU's chief trade negotiator, Valdis Dombrovskis, expressed concern about European businesses in China due to tough security laws and a politicized environment, while also highlighting the EU's assertive actions against Chinese subsidies for electric vehicles; this signals a fraying in business ties between the EU and China, potentially leaving everyone worse off.