Published on 20/02/2026 – 18:06 GMT+1 As the EU’s trade deficit with China keeps widening, the European Commission wants to revisit the WTO rule requiring members to extend the lowest tariff granted to one partner to all, known as the “Most Favoured Nation” principle under global trade rules. ADVERTISEMENT ADVERTISEMENT The status is important as it has shaped trade for decades and allowed countries like China to benefit from low tariffs even as it transitions…