EU trade chief to meet China envoy amid heated trade tensions
AI Summary
The European Union is taking a firm stance against Chinese overcapacity that's overwhelming the EU market, prompting a high-stakes meeting between the EU trade chief and China's envoy. This move comes amid Beijing's warnings of potential retaliatory measures, highlighting the escalating trade tensions. The meeting underscores the EU's determination to protect its market from unfair competition, which could have significant implications for global trade dynamics and relations between the two economic giants.
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