China surpassed the U.S. last year as the EU’s top trading partner, Eurostat, the EU’s statistical office, reported Monday. “In 2020, China was the EU’s main partner,” the agency reported. “This result was due to an increase in imports (+ 5.6%) and exports (+ 2.2%).” The EU’s trade deficit with China rose to $219 billion last year, from $199 billion in 2019. With more and more cargo moving by rail, Belarus and Ukraine are competing to win this transit traffic.
China surpassed the U.S. last year as the EU’s top trading partner,
