Economics
Europe’s Talks With U.S. to Soften Trade Impasse Are a ‘Longshot’
- EU trade chief Malmstrom to meet U.S., Japanese counterparts
- Trade triumvirate seeks to end China’s policies seen as unfair
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The European Union’s trade chief heads to New York this week to continue negotiations with the U.S. and Japan, as the three parties seek a way to end what they see as China’s unfair commercial policies and dial down global tensions.
Their plan is to create an agreement to try and force China to end "non market-oriented policies" that lead to overcapacity, create unfair competitive conditions and hinder technological development. The stakes couldn’t be higher.