China has indicated a willingness to reduce its substantial trade surplus with the European Union, according to sources briefed on recent discussions. Chinese Commerce Minister Wang Wentao suggested to EU trade chief Maros Sefcovic that Beijing is open to increasing imports of European goods and potentially lowering tariffs. This apparent shift comes as the EU considers new trade measures, such as tariff-rate quotas, to address concerns about a surge in Chinese exports impacting European manufacturers. AI
RANK_REASON Significant policy shift signaled by a major global economy regarding trade with a large bloc, involving potential new trade tools. [lever_c_demoted from significant: ic=1 ai=0.1]
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