EU Balks at Calling Out China in Joint Trade Strategy With US
- Provisions on outbound trade restrictions watered down
- US, EU hold technology-focused talks in northern Sweden
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The European Union stripped out explicit references to China as a non-market economy in its joint trade strategy with the US.
In a negotiation that highlighted lingering hesitations over Washington’s more confrontational approach to China, EU nations agreed on a watered-down text of joint conclusions from a meeting of EU-US Trade and Technology Council in northern Sweden that starts Tuesday, according to people familiar with the matter. The document is still awaiting US signoff.