EU Presses China for Trade Concessions in Beijing as Daily Goods Deficit Tops €1 Billion

The European Union is set to seek specific trade concessions from China in high-level talks in Beijing this week, as Europe's goods trade gap with China continues to widen. Reuters reported that EU Trade Commissioner Maros Sefcovic will meet Chinese Commerce Minister Wang Wentao amid mounting concern that the deficit has climbed above €1 billion per day, heightening pressure on European manufacturers facing intensifying competition from Chinese imports. Brussels plans to press for improved market access for European companies and steps to address broader trade imbalances. EU officials say access alone will not close the gap and are also urging China to curb exports in several fast-growing categories. Machinery, textiles, chemicals and basic metals have seen particularly sharp increases. Sefcovic is also expected to raise China's restrictions affecting rare earths and other critical minerals, inputs viewed as vital to European industrial production and clean-energy supply chains. Vehicle imports are another flashpoint. EU imports of Chinese plug-in hybrids rose 86% through September, while battery electric vehicle imports increased 40% despite existing EU tariffs on China-made models. Prices for plug-in hybrids fell by about 20% over the same period, adding to concerns in Brussels. The EU is seeking measurable progress ahead of an Oct. 15–16 meeting of EU leaders, where trade ties with China are expected to be a central topic. Disclaimer: This content is provided for informational and educational purposes only and does not constitute financial or other advice. The publisher accepts no responsibility for losses arising from the use of any referenced content, products, or services. Readers should exercise caution before taking action related to any company.