EU Leader: We Must Fix Our Trade Problem With China

Ursula von der Leyen says the European Union will use every tool it has to stop the growing trade gap with China.

The European Union is getting tough on China. Ursula von der Leyen, the head of the EU, says the current trade setup is not working. Right now, Europe buys way more things from China than it sells to them. This is called a trade deficit. Von der Leyen says this gap has reached a "tipping point." She believes this is unfair and hurts European businesses. Because of this, she promised that the EU will use all the tools it has to balance things out. She didn't give every detail on what those tools are, but she made it clear that a change is coming. This isn't just about money. The EU also wan…