Maros Sefcovic, the European Union's trade chief, expressed significant concern over the EU's sluggish trade defenses amid China's growing influence in global trade. During his address at the European Parliament, Sefcovic highlighted the inefficacy of prolonged trade probes and inflexible regulations to safeguard the EU against China's robust export capabilities. He sternly criticized China's 'unsustainable' trade surplus and urged for immediate reforms in international trade legislation to address issues like 'overcapacities,' 'unfair trade policies,' and 'state subsidies' that jeopardize competitive fairness.

The commissioner specifically mentioned the staggering trade deficit the EU faces with China, which reached €360 billion (approximately $424 billion) last year, indicating a pressing need for action to ensure that such imbalances are addressed for the future of the bloc's economic stability. This alarming figure reflects the escalating challenges the EU encounters as it navigates a complex relationship with a rapidly industrializing China, fostering a sense of urgency for reforms to be implemented without delay. Sefcovic reiterated that the European Commission is closely monitoring the rising import of plug-in hybrid vehicles from China, further emphasizing the necessity for vigilance in the face of increasing competition.

The implications of Sefcovic's warnings extend beyond mere economic figures and address the broader dynamics of global trade, suggesting that Europe may need to adapt its strategies to contend with the changing landscape influenced by China's economic policies. The call for swift action and adaptable regulations underscores the need for the EU to reassess its trade frameworks to protect its interests and foster a balanced trading environment, ensuring resiliency against external pressures and competitive practices.