Story perspectives

Macron Threatens Tariffs on China Amid Trade Deficit

12/7/2025

Summary

Story summary

French President Emmanuel Macron threatened tariffs on China during his December visit to curb the EU's trade deficit.
He described the EU trade surplus as 'unsustainable'.
He noted a nearly 60% rise in the EU's goods deficit with China since 2019.
He urged a unified European response to counter U.S. protectionism and Chinese competition.
He proposed easing export restrictions on semiconductor machinery and encouraging Chinese investment in Europe for benefits.

History

Historical Context

The EU's trade deficit with China reached €180 billion in 2019, prompting leaders like Emmanuel Macron to push for a unified European response to Chinese competition. This tension echoes the 2001 EU-China trade agreement, which aimed for cooperation but instead intensified rivalry. As of 2023, China remains the EU's largest trading partner, highlighting the ongoing complexities in their economic relationship.

1 of 2

Story summary

French President Emmanuel Macron threatened tariffs on China during his December visit to curb the EU's trade deficit.
He described the EU trade surplus as 'unsustainable'.
He noted a nearly 60% rise in the EU's goods deficit with China since 2019.
He urged a unified European response to counter U.S. protectionism and Chinese competition.
He proposed easing export restrictions on semiconductor machinery and encouraging Chinese investment in Europe for benefits.

1 / 2