EU summit: Leaders address China as trade deficit widens and job losses rise
Oct 15, 2026
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Video Summary
AI GeneratedEU leaders are meeting in Brussels to address critical economic and geopolitical challenges. The summit focuses on mitigating soaring energy costs for citizens and businesses, negotiating a 2-trillion-euro long-term budget, and managing trade relations with China, specifically regarding the restriction of Chinese car exports.
EU leaders are meeting in Brussels to attend today's summit.
Energy prices, trade with China
and the budget will dominate Thursday's agenda.
Leaders are under pressure to address soaring oil and gas prices.
On energy, it's clear that we need short-term measures
because we have to guarantee cheap energy prices for people
and companies.
But we need to take care of climate targets.
while Bulgarian Prime Minister Rumen Radev broke ranks
and backed Trump's deal with Putin.
You know what is our problem right now in Europe?
High fuel prices.
Any step in reducing the fuel prices
and to guarantee our competitiveness, we appreciate.
EU leaders also set to discuss
the EU's long-term budget proposal worth around 2 trillion euros,
which is facing backlash from frugal countries such as Germany.
trade with China will
also be discussed after
the European Commission struck a deal last
week to curb Chinese car exports.