France warns China of tariffs over trade surplus with EU

French President Mr Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if no action was taken to reduce the country’s ever-widening trade deficit with the European Union. During the visit, he urged China to boost cooperation on unsustainable global trade imbalances, geopolitics and the environment. He told them that if they do not react, Europeans would be forced, in the coming months, to take strong measures following the example of the United States, such as imposing tariffs on Chinese products. The EU’s goods trade deficit with China has ballooned by nearly 60% since 2019, while France’s trade balance with the $19 trillion economy continues to widen. Mr Macron has in the past sought to project a robust European front in dealing with China, pushing Brussels to deploy protectionist countermeasures to slow the arrival of Chinese goods hammering the European industry, as per a report.

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