EU trade chief sets October deadline to resolve China deficit row

The EU trade chief has given both sides until October to iron out a contentious trade deficit with China, following months of escalating rhetoric and the looming threat of new protectionist measures. This deadline aims to defuse tensions that could otherwise escalate into broader trade wars. With global supply chains heavily reliant on both the EU and China, resolving this dispute is crucial for maintaining economic stability and fostering international cooperation. Failure to reach an agreement could have far-reaching implications for global trade dynamics and economic growth.