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Fortune
Fortune
Jason Ma

A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook — 'We no longer live in a world of pink ponies and rainbows'

(Credit: Guillaume BAPTISTE / AFP via Getty Images)

There’s growing alarm among European leaders over the flood of Chinese exports threatening their home-grown industries, and their response could resemble something from President Donald Trump’s trade war.

Frustration is boiling over as China’s goods trade surplus with the European Union hit 360.6 billion euros ($414 billion) in ​2025, up 15% from 2024. And in the first four months of this year, the gap has expanded by 10%.

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