Source: South China Morning Post [Hong Kong]
“China’s shipments of hi-tech goods to the European Union went into overdrive last month, coinciding with a big drop in exports of the same goods to the US, suggesting that the superpower trade and tech wars could be affecting trade with Europe. Calculations based on recently published Chinese trade data showed that China in May exported huge amounts of batteries, laptops, smartphones and solar panels to the 27-member bloc, sending import numbers for some countries to unprecedented levels. … With many EU markets enduring falling exports to China, the cumulative impact was a 22 per cent increase in the union’s trade deficit with the world’s second-largest economy in May.” (06/23/25)