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Europe's Trade Deficit with China Deepens Amid Global Tensions

12/18/2025

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Summary

Story summary

Europe faces a growing trade deficit with China, which limits its options for achieving near-term balance despite strengths in pharmaceuticals and machinery.
During a phone call, China expressed support for Venezuela and opposed U.S. pressure on the nation.
China's youth unemployment rate declined slightly in November, but competition for university graduates seeking suitable employment remains high.

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Story summary

Europe faces a growing trade deficit with China, which limits its options for achieving near-term balance despite strengths in pharmaceuticals and machinery.
During a phone call, China expressed support for Venezuela and opposed U.S. pressure on the nation.
China's youth unemployment rate declined slightly in November, but competition for university graduates seeking suitable employment remains high.