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EU and China Open Three Months of Talks to Avoid Trade War Over €360bn Deficit
The Guardian·Thursday, 2 July 2026
The European Union and China have agreed to enter a formal three-month trade consultation in Brussels to try to prevent a trade war. The talks come after weeks of threats from China over the EU's €360 billion annual trade imbalance. It is the first joint statement issued by both sides in seven years.
Why It Matters
A trade war between the EU and China would send shockwaves through global supply chains and could shift trade flows in ways that directly affect Indian exporters and businesses.
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