Europe is responding to growing economic concerns stemming from a widening trade deficit with China, particularly impacting its automotive industry. Economist Gabriel Felbermayr, part of a German government advisory panel, emphasizes the need for strategic measures to manage the flow of Chinese imports. The report evaluates whether these challenges arise from internal structural weaknesses or external trade pressures, stressing the importance of balancing industrial protection with the risk of escalating trade conflicts. It explores policy options such as currency adjustments and targeted interventions aimed at creating fairer conditions for European producers in international markets.
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