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Von der Leyen Prepared for "Any" EU Action Against China by Autumn Amid Trade Disputes
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Economy & Trade

Von der Leyen Prepared for "Any" EU Action Against China by Autumn Amid Trade Disputes

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • European Commission President Ursula von der Leyen stated readiness to take "any" trade action against China by autumn.
  • The EU and China have set an October deadline to resolve trade disputes, with dialogue needing to yield results.
  • Key issues include Chinese subsidies, overcapacity, and market access for European firms.

European Commission President Ursula von der Leyen declared on Friday that she is prepared to enact "any" trade measures against China this autumn, signaling a firm stance as a deadline for resolving ongoing disputes approaches. "Dialogue is essential, but it must yield results. Depending on China's response, autumn will be the time for our action. We are prepared for anything," Von der Leyen stated at a press conference.

Dialogue is essential, but it must yield results. Depending on China's response, autumn will be the time for our action. We are prepared for anything.

โ€” Ursula von der LeyenStating the EU's readiness to take trade action against China.

The EU and China have agreed to a timeframe extending to October to de-escalate their trade disagreements. This period follows a meeting between EU Trade Commissioner Maros Sefcovic and Chinese Commerce Minister Wang Wentao, which resulted in the first joint declaration between the two entities since 2019. A mechanism for exchanging trade flow data was established, and Sefcovic accepted an invitation to visit Beijing in October.

all the aspects that we criticize, from subsidies, to the overcapacity of goods that arrive on our market or the lack of access of our companies to the Chinese market.

โ€” Ursula von der LeyenListing the key trade issues the EU has with China.

Von der Leyen stressed the need for clarity on all contentious issues, including Chinese subsidies, overcapacity of goods entering the European market, and restricted access for European companies to the Chinese market. The significant annual trade deficit between the EU and China, estimated at 360 billion euros, has been a central topic for European leaders, who have urged the Commission to expedite the use of existing trade tools and develop new ones if necessary. Irish Prime Minister Micheรกl Martin echoed the sentiment, emphasizing that dialogue with China must be productive, which he noted is not always the case.

dialogue with China "must yield results" and lamented that "it is not always the case."

โ€” Micheรกl MartinExpressing the need for productive trade discussions with China.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.