Not so fast: Brussels snubs Merz's suggestion for EU-China trade deal 😔

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The European Commission has rejected German Chancellor Friedrich Merz's proposal for a trade deal with China, urging Beijing to address economic distortions. The EU faces a significant trade deficit with China, raising concerns about unfair competition and industrial decline. Olof Gill, the Commission's trade spokesperson, emphasized the need for meaningful engagement with China to address these challenges. Merz's suggestion contrasts with his previous stance on the trade imbalance, while EU leaders, including Ursula von der Leyen and Belgian PM Bart De Wever, advocate for a tougher approach towards China.