EU warns China that European public could turn more protectionist if trade deficit isn't reduced

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EU warns China that European public could turn more protectionist if trade deficit isn't reduced
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The European Union’s top foreign policy official has warned that public sentiment in Europe could turn more protectionist if the bloc's trade deficit with China is not reduced. Speaking in Beijing on Friday, Josep Borrell called for improved access for European companies that want to export to or invest in China.

EU foreign policy chief Josep Borrell delivers a speech at Peking University in Beijing, Friday, Oct. 13, 2023. The European Union’s top foreign policy official warned Friday that public sentiment in Europe could turn more protectionist if the region’s trade deficit with China is not reduced. EU foreign policy chief Josep Borrell delivers a speech at Peking University in Beijing, Friday, Oct. 13, 2023.

“And we don’t want to disengage and much less, much less, to decouple from China,” Borrell said in a speech at Peking University, one of China’s top schools. Borrell, who held talks later Friday with China’s Foreign Minister Wang Yi, is the latest EU official to visit China as the two sides lay the groundwork for a leaders summit later this year. Energy Commissioner Kadri Simson is in Beijing this week and Economy and Trade Commissioner

“We believe that despite our considerable differences, that should not be underestimated, there is a lot of scope, a lot of room for us to work together,” he said.

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