Merz Says EU Isn't Looking for a Trade 'Conflict' With China

German Chancellor Friedrich Merz said the European Union would seek to avoid a trade war with China even as it protects itself from a new dimension of overcapacity and an undervalued currency. "That is our goal, not a conflict, but to have a new balance in trade with China," he said during an interview with Bloomberg's Stephanie Flanders at the Berlin Global Dialogue.