EU Trade Deficit With China and the Push for Fair Trade

An EU policy discussion outlines the European Union's trade deficit with China and the approach being taken to rebalance trade without seeking conflict. It explains the role of competitiveness, subsidies, overcapacity, and currency valuation, and describes how WTO-based instruments and dialogue are being used to defend European industry interests.

■ Trade deficit and competitiveness
- Every EU member state reportedly has a deficit with China, exceeding €300 billion annually
- Causes cited include China's competitiveness, subsidies, overcapacity, and currency valuation

■ EU response and dialogue
- Recent European Commission talks with China and an agreement to reduce car imports
- Use of WTO rules and trade-defense instruments as leverage rather than immediate action
- Ongoing dialogue on currency and exchange rates, subsidies, overcapacity, and imports

This is suited to viewers following EU-China trade policy, industrial policy, and international economic relations. It provides a concise overview of the stated EU position, the issues under negotiation, and the conditions Beijing would need to address to avoid trade-defense measures.