{"id":133321,"date":"2026-09-08T14:48:46","date_gmt":"2026-09-08T14:48:46","guid":{"rendered":"https:\/\/www.europesays.com\/europe\/133321\/"},"modified":"2026-09-08T14:48:46","modified_gmt":"2026-09-08T14:48:46","slug":"eu-wants-initial-chinese-action-on-trade-gap-by-early-october","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/europe\/133321\/","title":{"rendered":"EU wants initial Chinese action on trade gap by early October"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">By Philip Blenkinsop  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">BRUSSELS, Sept 8 (Reuters) &#8211; The European Commission will seek commitments from China to work on tackling a widening trade gap with the European Union and for Beijing \u200cto take some initial action by early October, European Trade Commissioner Maros Sefcovic said on \u200cTuesday.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">EU leaders asked the Commission in June to produce results from dialogue with China, after its trade surplus with the EU hit \u20ac360.6 \u200bbillion ($412 billion) in 2025, a 15% rise on 2024. The surplus widened by 9% in the first six months of 2026.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sefcovic said he wanted talks to address massive Chinese exports, restrictions on EU exports and Beijing&#8217;s export curbs on critical supplies, particularly minerals needed by the EU.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Chinese exports of textiles, chemicals, plastics, machinery, batteries and \u200celectric and hybrid cars to the \u2060EU have sharply increased in the past year. The EU has complained much of this is driven by Chinese overcapacity.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Beijing says that hyping up issues such as economic \u2060imbalances and overcapacities is protectionism and designed to exert pressure on and restrict China.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sefcovic, who previously said he wanted talks with China to produce &#8220;tangible results&#8221; by early next month when he is due to travel to Beijing, \u200bdid \u200bnot specify which exports China might limit.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;What we definitely \u200bneed to bring back are clear pointers, \u200cthe sense of travel where we are going, to have a couple of pilot schemes where I can prove for a certain group of products that this consultation, this cooperation works and that we believe we can develop the mechanics further to address this issue,&#8221; Sefcovic said during a panel debate in Berlin.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sefcovic said during the event organised by EU institutions that his priorities would be addressing the growing \u200ctrade deficit, notably the surge of Chinese exports, removing barriers \u200bEU exports face in China and securing clarity on Chinese \u200bexports of critical supplies, such as rare earths and \u200blegacy chips.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Beijing has taken advantage of its dominance in processing critical minerals by \u200cplacing export restrictions on rare earths in April \u200b2025.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The EU trade chief \u200bsaid the EU was not going to solve its massive trade deficit with one trip to Beijing, but the process needed to begin and required involvement from both sides.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;It&#8217;s very clear that \u200bif we will not be able \u200cto demonstrate that this way works there will be huge political pressure to look for \u200bother solutions because it would be detrimental to the future of the European economy,&#8221; \u200bSefcovic said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">(Reporting by Philip Blenkinsop; Editing by Alexander Smith)  <\/p>\n","protected":false},"excerpt":{"rendered":"By Philip Blenkinsop BRUSSELS, Sept 8 (Reuters) &#8211; The European Commission will seek commitments from China to work&hellip;\n","protected":false},"author":2,"featured_media":133322,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[276,81,9943,39,15,15842,40,40757,35274,666],"class_list":["post-133321","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-beijing","tag-china","tag-chinese","tag-eu","tag-european","tag-european-trade","tag-european-union","tag-philip-blenkinsop","tag-sefcovic","tag-the-european-commission"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/133321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/comments?post=133321"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/133321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media\/133322"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media?parent=133321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/categories?post=133321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/tags?post=133321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}