U.S. Treasury Secretary Scott Bessent said he views China's yuan valuation as a bigger problem for Europe than the United States, as the currency has risen against the dollar but has declined against the euro.

Beijing has called on Brussels to abandon the weaponization of tariffs and provide a truly level playing field for Chinese electric vehicle makers, while also welcoming European automakers into China, the Ministry of Commerce said on Thursday.

"I guarantee you that if Europe put on substantial secondary tariffs on the buyers of Russian oil, the war would be over in 60 or 90 days," U.S. Treasury Secretary Scott Bessent said.

The Taiwanese and Chinese foreign ministers are both visiting Europe at the same time this week, a rare alignment of schedules in the same location given Beijing's efforts to stop Taipei from having any form of foreign diplomatic engagements.

One year after Europe vowed to catch up with the US and China on innovation, a Deutsche Bank report finds limited progress, with AI still lagging.

The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday.

"We expect the Europeans to do their share now, and we are not moving forward without the Europeans," Bessent said, when asked whether the U.S. would impose Russian oil-related tariffs on Chinese goods after President Donald Trump slapped an additional 25% duties on Indian imports.

European efforts to threaten and cajole countries from doing business with Russia received another blow today. China agreed on a major new deal with the Kremlin-controlled gas giant Gazprom, deepening Eurasian energy cooperation and extending Russia’s reach into growing Asian economies.

The company is set to build EVs in Spain with Stellantis, avoiding EU tariffs and reshaping Europe’s affordable electric market

BEIJING -- China expects the European Commission to work with China to resolve mutual concerns through dialogue and consultation, thereby creating an open and stable market environment for industries from both sides, the Ministry of Commerce said Thursday.