China told the European Union that it is willing to increase purchases of EU goods to help pare a massive trade gap, potentially easing the risk of a trade war. Commerce Minister Wang Wentao suggested that China is open to purchase agreements covering European goods in trade talks this week with EU trade chief Maros Sefcovic, the South China Morning Post reported, citing unidentified people briefed on the discussions. Lower tariffs on EU imports were also discussed (see trade talks joint...
China and the European Union released a joint statement on Monday following talks between China’s Minister of Commerce, Wang Wentao, and the EU’s trade chief, Maros Sefcovic, in Brussels. During the meeting, the two sides agreed to establish a joint platform to monitor trade flows and to set up working groups to ease bilateral economic tensions. EU-China Joint Statement by scmp