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France and Germany outline roadmap to address trade deficit with China

France and Germany outline roadmap to address trade deficit with China

Germany and France have agreed to jointly announce a "roadmap" in September to address the trade deficit with China, which exceeds one billion euros daily and is largely attributed to Beijing's unfair practices, such as unfair monetary policies and excessive support for its products. French President Emmanuel Macron called for opening a dialogue with China regarding exchange rates and market access, while German Chancellor Friedrich Merz emphasized the need to avoid new trade disputes and to address economic imbalances in a more balanced manner, while strengthening tools to protect European industries.

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