Europe is trying to walk a tightrope in its relationship with China – seeking closer economic ties even as trade tensions persist, and at a time when relations with the United States grow increasingly uncertain. Trade between the European Union and China accounts for more than 30 per cent of global gross domestic product, but the relationship remains heavily skewed. China exports far more to Europe than it imports, leaving the EU with a goods trade deficit that exceeded US$350 billion in 2024 – a gap European leaders say is unsustainable.That imbalance is becoming especially visible in the electric vehicle sector. ... (full story)