EU Wrestles over How to Tackle China Export Flood (opens in new tab)

EU leaders will grapple on Thursday over whether the bloc needs new beefed-up trade defenses to curb the surge of Chinese exports deemed an existential threat to European industry and jobs by Brussels. There is a growing consensus in the European Union that it is too dependent on China, and Brussels fears this makes it vulnerable to potential coercion and supply shocks, AFP said. The bloc's trade deficit in goods hit around 360 billion euros ($417 billion) last year, meaning Chinese exports s...