Merz Says EU Seeks Trade Balance With China, Not Conflict
Source Summary
German Chancellor Friedrich Merz stated that the European Union aims to avoid a trade war with China while protecting itself from overcapacity and currency undervaluation. Merz said the EU's goal is to establish a new balance in trade relations with China rather than pursue conflict.
Why it matters
EU-China trade tensions affect global commerce and the bloc's economic strategy amid concerns over Chinese industrial overcapacity and currency practices.
