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EU Observer (26 June 2026)

Benjamin FOX

Monday’s meeting (29 June) between Chinese commerce minister Wang Wentao and EU trade commissioner Maroš Šefčovič in Brussels has been billed by EU officials as a make-or-break event for the future of Europe’s trade with the manufacturing superpower. 

China’s oversupply and low domestic consumption was “an imbalance that the world just cannot digest,” outgoing EU trade negotiator Sabine Weyand told MEPs in the run up. 

Šefčovič’s office had drafted plans for an ‘overcapacity’ instrument that would allow the EU to impose new tariffs on a raft of Chinese industrial goods and import limits.

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