EU seeks ‘tangible results’ on China trade deficit by October

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The European Union has set an October deadline to achieve tangible results on reducing its growing trade deficit with China, following talks in Brussels aimed at avoiding a trade war. EU trade chief Maros Sefcovic emphasized ongoing intensive negotiations.

The European Union set an October deadline for “tangible results” in tackling its growing trade deficit with China, after the two sides held talks in Brussels in an attempt to avoid a trade war. “Not everything will be solved, not everything will be fixed, but we think that between now and October, our teams have sufficient time to deliver the tangible results,” EU trade chief Maros Sefcovic told reporters on Monday, according to Bloomberg News. He spoke after “intensive, focused and...