The Economic Times

European Union will use all tools to cut China trade deficit, von der Leyen says

The European Union will employ all available tools to address its trade imbalance with China. Ursula von der Leyen stated the deficit has reached a critical tipping point. Europe faces deindustrialisation, which is a significant concern for the bloc. The EU seeks tangible results from ongoing dialogue with China by October. Additionally, the bloc will establish a new corporation for critical raw materials.