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France and Germany to Announce Joint Roadmap to Address Trade Deficit with China
The article concerns the agreement between France and Germany to announce a joint "roadmap" in September to address the trade deficit with China, which has exceeded one billion euros daily and is attributed to China's unfair practices, including monetary policies and subsidies. The agreement aims to enhance dialogue with China regarding exchange rates and opening financial markets, with a focus on countering unfair competition that affects European industries and jobs. European officials also criticize Chinese monetary policies and plan to tighten protections for European industries, in response to rising subsidized imports and their prices, with tariffs imposed on steel imports to counteract unfair trade practices.
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