The European Commission’s top trade envoy, Maroš Šefčovič, will be in Beijing Thursday for a two-day meeting with Chinese Commerce Minister Wang Wentao. The goal is narrowing the EU’s 360 billion euro ($410 billion) trade deficit with China. Earlier this year, he gave Beijing a deadline of October to provide meaningful results in doing so.
Politicians and economists across the 27-nation bloc consider China’s massive subsidies and exports a major threat to core industrial sectors from steel foundries to car factories. China diverted many of its exports to the EU and other markets after the U.S. raised tariffs.