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EU Chief Demands China Address Trade Imbalance As Tensions Flare

  • European Commission President Ursula von der Leyen demanded China address trade imbalance and market distortions affecting European businesses.
  • China's export controls on rare earth magnets have hit EU industries, leading to strained EU-China relations amid tariff disputes.
  • The EU imposed tariffs on electric vehicles and excluded Chinese firms from public contracts, escalating tensions with Beijing.
  • Tensions have increased ahead of a scheduled summit between the EU and China due to lack of progress in addressing trade disparities and economic issues.

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