Europe wants to rebalance trade with Beijing, but can't quit Chinese air conditioners
Europe wants to narrow its record trade deficit with China by October, but the bloc's worst-ever heat wave is driving unprecedented demand for imports of Chinese-made air conditioners, a telling tale
CNBC Economy — 2 July 2026
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Europe wants to narrow its record trade deficit with China by October, but the bloc's worst-ever heat wave is driving unprecedented demand for imports
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