Marketplace Morning Report The EU tells China it’s time to fix the trade gap
Jul 25, 2025
Trade tensions between the EU and China take center stage as concerns about imbalances and ties to Russia unfold in Beijing. A media analyst highlights the contrasting narratives around these discussions. Meanwhile, Paraguay dreams big by positioning itself as South America's Silicon Valley, leveraging its unique resources and youthful population. The conversation also covers how technology can revitalize traditional industries in Latin America, along with a lighthearted update on a famous golfer's latest pursuits.
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China Media Contrast on Trade Talks
- Chinese state media portray the trade talks as positive while independent sources are more critical with low expectations.
- China's leader Xi Jinping emphasized strong EU-China relations, using the term “big guys in the room” to snub the US.
EU-China Trade Imbalance Tensions
- The EU sees trade imbalances with China as unsustainable and may take action if no progress occurs.
- China accepts tension exists but urges Europe to provide a fair business environment for Chinese companies.
China Blames US, Not Europe
- China's President Xi claims Europe's current problems are not China's fault, implicitly blaming the US instead.
- China seeks closer relations with the EU as a strategic counter to US tariffs and policies.