The European Union “urgently” needs to act quickly to rebalance its “unsustainable” trade relationship with China, Commission Executive Vice-President for Prosperity and Industrial Strategy, Stéphane Séjourné, told Euronews, stressing that significant job losses are at stake.
Recent customs data showed the gap between the bloc’s imports from China and exports to China, the trade deficit, ran at more than €1 billion a day in July.
“This trade rebalancing is becoming existential for Europeans,” Séjourné said on Euronews’ interview programme The Europe Conversation .
“Today we’re losing thousands of jobs every week,” he noted, adding that the EU…
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