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EU, China summit ends with no agreement on trade

Staff Writer |
The European Union and China failed to resolve some sharp differences on trade at a leaders' summit on Friday, with disagreements on steel overcapacity continuing to tarnish relations.

The trade differences undercut what was supposed to be a joint show of force in defense of international rules and agreements following U.S. President Donald Trump's decision on Thursday to pull out of the Paris climate accord.

European Council President Donald Tusk said both sides agreed the U.S. decision on the Paris deal was "a big mistake." Chinese Premier Li Keqiang didn't directly raise the issue but said China's partnership with the EU was "useful to counter the uncertainties in the world."

However differences over trade pushed the summit well past its scheduled finishing time.

In the end, the two sides were unable to agree on a planned joint statement because they couldn't agree the trade language.

Over the past few years, the EU has slapped anti-dumping duties on a range of Chinese steel exports, heightening a growing conflict in which each side accuses the other of unfair trade practices.

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