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Global Business News

The Economic Times

Global Business / The Economic Times

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Europe growth hit more by China exports than bigger trade gap, Goldman says

Goldman Sachs highlights that China's growing market share, not just the trade deficit, is the primary concern for EU growth. Chinese manufacturers are increasingly competing with European firms globally. While the EU may adopt a more assertive trade policy, broad tariffs like those seen in the US are unlikely, as the bloc seeks to maintain access to crucial materials from China.

2 Jul 2026 3:39 pm