53 Days
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الاقتصادية
France and Germany outline a trade deficit reduction roadmap with China
France and Germany agreed to announce a joint plan in September to address the trade deficit with China, which exceeds one billion euros daily, due to Beijing's unfair practices including currency manipulation and subsidies. French President Emmanuel Macron called for dialogue with China regarding exchange rates and opening financial markets to correct these imbalances, while German Chancellor Friedrich Merz emphasized the need to avoid new trade disputes with China, noting that the interests of both sides are intertwined. The leaders also announced efforts to enhance the protection of European industries, as the European Union increased customs duties on imports from China to safeguard European producers.
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