Knowledge Tree
Relations (1)
cross_type 2.00 — strongly supporting 3 facts
The European Union is linked to the concept of a trade deficit through its specific economic performance with China, as evidenced by the widening gap [1], the recorded 2023 value of USD 316.63 billion [2], and its role as a source of bilateral tension [3].
Facts (3)
Sources
Quest for Strategic Autonomy? Europe Grapples with the US - China ... realinstitutoelcano.org 3 facts
measurementThe European Union's trade deficit with China has widened, while investment relations with Beijing remain limited and uneven.
claimThe European Union's persistent trade deficit in goods with China constitutes a significant irritant in bilateral relations.
measurementIn 2023, the European Union's persistent trade deficit in goods with China amounted to USD 316.63 billion.