Facing an ever-increasing trade deficit with China, Europe has limited options to balance the situation in the short term even though it still holds an edge in key sectors including pharmaceuticals, machinery and components, analysts said.
China’s global trade surplus hit an all-time high of US$1.076 trillion in the first 11 months of this year, despite a decline in exports to the United States following US President Donald Trump’s imposition of steep tariffs.
A lot of China’s redirected exports…