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EU Trade Chief Meets China to Cut €360bn Deficit

6/5/2026

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Story summary
  • EU Trade Commissioner Maros Šefcovic will meet China’s Commerce Minister Wang Wentao in Brussels later this month to tackle the EU’s widening trade deficit.
  • The deficit in EU goods imports from China rose to €360 billion in 2025, up from €312 billion in 2024, and jumped sharply in Q1 2026.
  • Wang defended recent rare-earth export controls as lawful and urged faster EU authorisation of priority licence applications.