‘Every possible means...’: EU to tackle ‘unsustainable’ trade deficit with China, says Von der Leyen

By The Economic Times

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The European Union will use every possible means to reduce its "unsustainable" trade deficit trade with ​China, European Commission President Ursula von der Leyen ‌said on Wednesday. Von der Leyen said that the imbalance, with a goods trade deficit of €1 billion ($1.15 billion) a day last ​year, had reached a tipping point and that ​Europe was already suffering from the second China ⁠shock through deindustrialisation. ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET on: ► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - https://www.twitter.com/economictimes ► LinkedIn - https://www.linkedin.com/company/economictimes ► Instagram - https://www.instagram.com/economictimes/ ► Flipboard - htt

Tags: economic times, ET, latest news, news today, news, trending, viral, trending videos, viral videos, trending news, big news, Ursula von der Leyen, European Union, China trade deficit, EU-China relations, trade imbalance, critical minerals, rare earths, European Commission, deindustrialisation