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A new trade war may be brewing. This time, Europe is taking a page from Trump’s playbook — ‘We no longer live in a world of pink ponies and rainbows’

Posted on June 20, 2026
By Fortune
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1 min read

A new trade war may be brewing. This time, Europe is taking a page from Trump’s playbook — ‘We no longer live in a world of pink ponies and rainbows’

China's goods trade surplus with the EU hit 360.6 billion euros in 2025, up 15% from 2024. And in the first four months of this year, the gap has expanded by 10%.