China's Trade Tactics Spark EU Concerns Ahead of Summit

Trade tensions between the European Union and China are heating up. The EU is calling out China for unfair trade practices. This comes just before a big meeting between the two sides. The EU says China is making it hard for European companies to compete. They claim China is flooding the market with cheap goods. This is making it tough for EU businesses to stay afloat. China has also put restrictions on rare earth magnets. These are important for many EU industries. This has made the trade relationship between the two even more unbalanced. The EU has taken action too. They have put tariffs on Chinese electric vehicles. They also excluded Chinese firms from public contracts for medical devices. China has responded with its own measures. The EU's top official says China invested early in future technologies. But then, they started selling cheap, subsidized goods. This has hurt many Western industries. It has left China in a dominant position. The EU says "made in China" goods get a 20% price advantage in public bids. They say this is not fair. They claim the system is rigged against them. All this comes ahead of a summit between the EU and China. The Chinese government has already canceled part of the meeting. This shows just how tense things are.