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EU and China Launch Three-Month Trade Talks Over €360 Billion Deficit
The Guardian·Wednesday, 1 July 2026
The EU and China have agreed to enter three months of formal trade consultations to avoid a trade war over the bloc's €360 billion annual import/export imbalance. It is the first joint statement between the two sides in seven years. The deal came after weeks of threats from China over potential EU measures.
Why It Matters
A EU-China trade war would disrupt global supply chains and could shift manufacturing orders and trade flows toward or away from Indian exporters.
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