EU and China to hold summit in July to seek improved relations amid 'Trump tariffs'
Summary
- The EU and China have announced that they will hold a summit in July to seek improved trade relations.
- This summit is drawing attention as it highlights the cooperation between the two countries amid the global tariffs imposed by the Trump administration that are shaking the trade order.
- The EU has stated that it is working towards improving relations with China following last year's high tariffs on Chinese electric vehicles.
The European Union (EU) and China have decided to hold a summit in July.
Ursula von der Leyen, President of the European Commission, stated in a phone call with Chinese Premier Li Qiang on the 8th (local time) that "the upcoming EU-China summit in July will be an appropriate occasion to commemorate the 50th anniversary of diplomatic relations between the two sides."
While there has been speculation that the EU-China summit would be held in Brussels, Belgium, in the second half of this year, this is the first time the timing has been officially mentioned.
This summit is particularly noteworthy as it is announced amid the global trade order being shaken by the tariffs imposed by the Trump administration.
The EU has maintained an uneasy relationship with China due to last year's decision to impose high tariffs on Chinese electric vehicles and China's retaliatory measures, but since the inauguration of the Trump administration, it has been seeking to improve relations by adjusting the level of criticism towards China.
Reporter Choi Soo-jin, Hankyung.com naive@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
