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اقتصاد سكاي نيوز عربية
Europe and ChinaTrade Tensions Reach Crisis
Europe and China are heading toward a heated trade confrontation, as Europe adopts more stringent measures against Chinese exports due to their ongoing flow and impact on European industrial sectors—some of which are suffering from decreased competitiveness and job losses—amid an estimated daily trade deficit of around $1.1 billion. Europe has proposed tools such as the "Immediate Stop Mechanism" to impose direct tariffs on certain Chinese products, while China argues that the imbalance is due to high European demand for products aimed at combating climate change and geopolitical shifts. Key points of disagreement include the growing Chinese auto exports—particularly plug-in hybrid vehicles—investments in renewable energy, and European companies' access to the Chinese market. Europe's economic and competitive conditions are deteriorating as China's trade surplus increases, supporting jobs there and causing Germany to lose approximately 10,000 industrial jobs each month. China, on the other hand, believes solutions should be based on mutual interests, and both Europe and China may reach a trade settlement in the future.
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