Business · Trade · 2 days ago

EU-China trade tensions frame upcoming summit

EU-China trade tensions frame upcoming summit

The European Union and China are preparing for a summit on 15 and 16 October as trade tensions continue.

France and Germany have asked the European Commission to prepare a legal mechanism that could exclude an outside actor considered too threatening from the EU market.

Their request did not name China.

The dispute comes as European carmakers, including Volkswagen, face criticism for being slow to embrace electric vehicles.

Chinese companies have moved ahead in electric mobility.

The competition matters because the two sides are major trading powers and the car industry is changing quickly.

The summit is the next scheduled opportunity for the EU and China to address their relationship, while signs of de-escalation were reported on Friday.}

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