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Ruben Cober's avatar

It is obvious that the EU-China trade deficit is only getting worse, partly as a result of US tariffs on China:

May customs data:

China's EU exports up 12%

China's EU imports down 2.37%

> There is a 22% increase in the EU's China deficit in May alone

Yet the Commission thinks it's still "too soon to tell" whether trade is being diverted...

https://www.scmp.com/news/china/diplomacy/article/3314061/eu-says-too-early-say-if-spike-chinese-exports-could-prompt-emergency-measures

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