But first, just in: Mafred Weber, the chairman of the powerful centre-right European People’s Party (EPP), has just told Europe Today that unless the EU and China strike a deal to reduce trading imbalances by October, the bloc is “entering into a phase of conflict” with Beijing.
The EU’s trade chief Maroš Šefčovič said on Monday that the EU would seek a pact with China to address the ballooning trade deficit by October, as concerns mount over the impact of Chinese industrial overcapacity on Europe’s already struggling industries.
