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EU and China Enter Three-Month Trade Talks to Avoid a €360 Billion War
The Guardian·Tuesday, 30 June 2026
The European Union and China have agreed to three months of formal trade talks to address a €360 billion annual trade deficit. It is their first joint statement in seven years, reached after weeks of threats from both sides. The two parties agreed to work toward making the bilateral relationship 'more balanced'.
Why It Matters
India sits between two giant trading blocs — any EU-China trade deal or breakdown directly shapes global supply chains and could redirect trade flows toward or away from India.
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