Pascal Lamy warns EU must rebalance trade with China or turn protectionist

In an exclusive interview, Pascal Lamy highlighted that China’s reluctance to correct deep macro-economic imbalances poses a serious challenge for the European Union. He argued that the EU must either pursue a comprehensive trade rebalance or risk slipping into protectionism. Lamy also stressed the need for stronger WTO enforcement mechanisms to address such structural issues. The former trade chief warned that without decisive action, Europe’s growth prospects could be undermined.