Capitals, Feb. 13 (SANA) The eurozone is facing with growing economic strains as U.S. tariffs cut exports to America and surging Chinese imports intensify competition for local producers.
Eurostat figures released Friday showed EU exports to the United States dropped 12.6% year-on-year, shrinking the trade surplus to €9.3 billion. At the same time, the trade deficit with China widened to €26.8 billion, up 15%, fueled by high-tech Chinese goods challenging European firms in strategic industries.
EU leaders met Thursday in Belgium to discuss responses, agreeing on the need to lessen reliance on the U.S. and pursue greater autonomy, though no immediate solutions emerged.
