The European Commission will develop new tools to counter macroeconomic imbalances, most notably the growing and "unsustainable" trade deficit with China, including a diversification instrument, European Commission President Ursula von der Leyen told reporters on Friday.
"Europe has already built an extensive toolbox in recent years. Now we must use it more proactively and more strategically to defend our European interests," she said at a press conference closing this week's European Council summit.
