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EU Leaders Demand Action Amid €305.8 Billion Trade Deficit

7/28/2025

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Summary

Story summary

At a pivotal summit in Beijing, EU leaders, led by Ursula von der Leyen, voiced alarm over a staggering €305.8 billion trade deficit with China. They called for improved market access and a reduction in export controls. Tensions simmer as China's backing of Russia in the Ukraine conflict has led Ukraine to sanction Chinese companies and detain nationals for espionage.

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Story summary

At a pivotal summit in Beijing, EU leaders, led by Ursula von der Leyen, voiced alarm over a staggering €305.8 billion trade deficit with China. They called for improved market access and a reduction in export controls. Tensions simmer as China's backing of Russia in the Ukraine conflict has led Ukraine to sanction Chinese companies and detain nationals for espionage.