Europe wants to rebalance trade with Beijing, but can't quit Chinese air conditioners
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Source: CNBC
Published: 2026-07-02 12:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Asia, Europe, Weather, China, Labour & Workers, Tax & Budget, Trade & Sanctions, Business & Economy, Asia Pacific
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Snippet:
Europe wants to narrow its record trade deficit with China by October, but the bloc's worst-ever heat wave is driving unprecedented demand for imports of Chinese-made air conditioners, a telling tale illustrating how hard it will be for Brussels to address the trade imbalance.
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