Rebalancing of trade with China 'existential' for EU, Commissioner Séjourné tells Euronews

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The EU Industry Commissioner Séjourné told Euronews that rebalancing trade with China is critical for the EU's existence. The EU may impose punitive trade measures if China does not address the trade deficit, which leads to significant job losses in Europe each week.

The EU Industry Commissioner warned that the EU will consider using punitive trade measures if Beijing does not rebalance the trade deficit, which costs the bloc thousands of jobs every week.