EU-China Trade Talks Face Friction Over Vehicle Imports And Currency Valuations
· World · Bloomberg, Nikkei Asia
EU-China trade negotiations are experiencing sharp friction over vehicle imports and currency valuations, according to Deborah Elms, head of trade policy at the Hinrich Foundation. Both sides are holding key leverage and competing positions, making resolution of trade imbalances difficult. The talks come amid ongoing tensions between the European Union and China over market access and economic policy.
Why it matters
The unresolved trade tensions could disrupt global vehicle supply chains and affect EU exporters facing currency pressures, while Chinese manufacturers may confront new barriers in the European market.
Read the original report — Bloomberg
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