China, EU commerce ministers meet amid widening trade imbalance

The EU is taking aim at China's trade practices. Trade Commissioner Maros Sefcovic is meeting his Chinese counterpart in Brussels today as Europe prepares countermeasures to address a flood of cheap imports and a widening trade deficit, according to France 24. Oil markets are also climbing following weekend strikes between the US and Iran. And in Asia, South Korea is announcing a major new investment in semiconductor manufacturing—a strategic move to boost chip production capacity.

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