EU trade chief rules out China decoupling ...News

Brussels must, however, protect itself as trade with Beijing is “very unbalanced,” Valdis Dombrovskis has said The EU will not cut economic ties with China – one of its biggest trade partners – but needs to protect itself, the European Commission’s executive vice president said on Saturday, addressing the annual Bund Summit in Shanghai. Valdis Dombrovskis, who is also Brussels’ trade commissioner, described relations between the EU and China as “very unbalanced,” as Europe recorded a trade deficit of almost €400 billion ($427 billion) in 2022, while total import-export flows exceeded €865 billion, an all-time high

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