Europe runs a solid trade deficit with China. In some ways, this is balanced by the EU having a surplus with America. Still, in many ways, a growing trade deficit with China bodes poorly for the EU as they look down the road. I contend the problem the EU has going forward is that much of the EU is simply uncompetitive.



This means unless the EU takes strong action to halt the importation of cheap Chinese consumer goods it will be flooded with them in coming years. The article below argues the EU's trade deficit with China will become a cancer that weakens the EU even further.



https://brucewilds.blogspot.com/2019/09/eu-trade-deficit-with-china-destined-to.html