Att hantera den stora strömmen av kinesiska exportvaror står högst upp på G7-agendan | NTD NYHETER

Alongside the Ukraine war and the Middle East, how to deal with the surge in Chinese exports is also topping the G7's agenda. French President Emmanuel Macron has carved out time for leaders to discuss how to balance trade with China. This comes as a flood of Chinese exports are pushing some industries in Europe to the brink. Chinese exports are cheap because they're backed by state subsidies, making it very hard for Western counterparts to compete. And now there are fears that Chinese exports could harm certain industries in Europe, including steel, batteries and electric vehicles. Following U.S. tariffs on China, many Chinese exporters redirected their goods to Europe, worsening the situation. It's a situation Treasury Secretary Scott Besant had warned about. He said he had cautioned Western allies that without trade protections, a surge of Chinese exports would damage their economies. The impact is reflected in the EU's growing trade deficit with China, which reached nearly 400 billion dollars last year. That marks an 18 percent increase from the year before. And international relations experts said the chemistry between President Trump and G7 leaders has recently been strained over the Iran war. But the China issue could help unify the group. The hidden agenda is to try to how to work to govern the world short of China. So I'm concerned about security issues in a region like the Middle East, North Africa, Russia, Ukraine. They are concerned about technological race, AI, critical minerals. However, it remains to be seen whether the European Union and the U.S. will move together to address the trade imbalance with China. The EU is hesitant to impose unilateral tariffs, fearing it would spark a trade war. Its 27 member states are also divided on how to deal with China. The union's largest economy, Germany, has been reluctant to impose tariffs on China, its biggest trading partner. Last week, Macron held a video conference call with several G7 leaders to discuss global imbalances. A Chinese premier was also included. French officials say this is Macron's last-ditch effort to pursue a cooperative approach before the EU decides whether to take a harder line on China. Over in the U.S., a senior Trump administration official said Saturday that Washington is not waiting for the world to reach a coordinated response to China's behavior. The official added that the U.S. is already taking action through a variety of measures. President Trump has invited Chinese leader Xi Jinping for a White House visit in September.