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The EU and China have commenced trade negotiations in Beijing, with the EU's trade deficit exceeding €1 billion per day and restrictions on rare earth exports as key focal points.
EU Trade Commissioner Maroš Šefčovič has arrived in Beijing to negotiate with Chinese Commerce Minister Wang Wentao regarding the EU's growing trade deficit with China (exceeding €1 billion daily) and China's export restrictions on rare earths and other critical minerals. The two-day discussions come as calls for a tougher trade policy towards China grow within the EU, following China's rejection of the EU's request for voluntary limits on Chinese hybrid car exports and its warning of a "resolute response" if the EU implements restrictions.
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