Market Flux Event
China Pushes Back on EU Trade Measures While Merz Warns on Beijing Pressure and UK Trojan Horse Risk Looms
Read this in the Market Flux appChina's Foreign Ministry on October 27 publicly challenged the European Union's planned trade measures, insisting that China-EU ties are a partnership and urging Brussels not to abuse trade remedy tools. The statement came as Germany's Chancellor Friedrich Merz separately pitched closer Asia ties while warning against undue pressure from China, signaling Berlin's intent to pursue a new balance in trade rather than a conflict with Beijing.
The UK's efforts to deepen post-Brexit trade relations with the EU are caught in the middle of this tension. Business Secretary Jonathan Reynolds had already signaled openness to tariffs on Chinese electric vehicles as a bargaining chip for better EU market access, but commentators warn that Germany and France may still view Britain as a potential back door for Chinese cars, complicating Andy Burnham's ambitions to soften Brexit trade barriers.
Separately, China's Defence Ministry reaffirmed its commitment to ASEAN's central role in regional security and called for enhanced dialogue and trust-building with other parties. On the same day, Foreign Ministry spokesman Guo Jiakun said Beijing is closely monitoring tensions in the Gulf, the Red Sea and the Horn of Africa and will shortly dispatch special envoys to affected countries to encourage de-escalation and prevent further deterioration of the conflicts there.
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Sources
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