EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address. #EuropeNews

Germany faces a €90 billion trade deficit with China as EU gap hits €360 billion. Chancellor Merz weighs tougher trade defenses amid automaker resistance.

There is a growing consensus in the European Union that it is too dependent on China

German Chancellor Friedrich Merz targets Europe's €360 billion trade deficit with China, pushing for yuan revaluation talks and coordinated EU trade

China has denied it manipulates its currency for trade advantage but its surging trade surpluses are worrying leaders of the G7 nations.

EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address. #EuropeNews

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