EU seeks ways to 'rebalance' trade with China: a €1 billion daily deficit and a 'kill switch' instrument
EU Trade Commissioner Maroš Šefčovič said the EU is 'walking a tightrope' in talks with Beijing, combining traditional trade measures with a political approach. The October 9 deal will cap imports of Chinese hybrids with quotas but will not reduce the record deficit. The EU is preparing new protection instruments, including a 'kill switch'.
Javlon Tursunov