China and Switzerland have a new tariff-scrapping trade deal. How will the EU react?

China and Switzerland have concluded negotiations on the scrapping of tariffs on 99.8 per cent of Swiss exports, with analysts saying the deal carries more symbolic than economic weight amid growing trade tensions between China and the European Union. Wang said in a statement that the new FTA would create new opportunities for bilateral economic cooperation. “In the current international environment filled with uncertainty, this also demonstrates the clear stance of both sides in choosing certainty and supporting free trade,” Wang said. For Beijing, the upgrade was a way to show that “close economic integration with China remains possible and…