China Forces Reckoning in Europe as Trade Turns Existential

A vehicle carrier at a port in Guangzhou, China.

Source: Bloomberg

China’s exports are putting it on a collision course with Europe.

French President Emmanuel Macron has branded the trade imbalance with China “unbearable,” saying what’s at stake now is “a question of life or death for European industry.” European Commission President Ursula von der Leyen believes the bloc’s ties with China “have reached an inflection point.”