Von der Leyen: EU will not tolerate growing trade imbalance with China forever

“We have the tools to protect our market,” U. von der Leyen told an AFP journalist in an interview with the European Newsroom project. However, according to the head of the Commission, priority is given to “coordinated solutions”.

The President of the EC, U. von der Leyen, and the President of the European Council (ECU), Charles Michel, will travel to Beijing on Thursday, where the EU-China summit will take place. It will be the first face-to-face meeting between EU leaders and Chinese President Xi Jinping and Premier Li Qiang since 2019. It will focus on trade and hostilities in Ukraine and the Middle East. East.

Speaking of the economy, U. von der Leyen stressed that Europe is not seeking to distance itself from China, but wants to reduce risks in relations that have become too one-sided.

“We are seeing a growing trade imbalance. Over the last two years, the trade imbalance has doubled to almost 400 billion euros,” she said.

“European leaders will not tolerate an imbalance in long-term trade relations.” We have the necessary tools to protect our market,” U. von der Leyen said in an interview.

“However, we prefer coordinated solutions. These are the options that are now on the table, and I believe that a careful evaluation of these options is in China’s interest,” the EC chairman said.

Source: The Delfi

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