European Commission President Ursula von der Leyen has reaffirmed the bloc’s resolve to use all available tools to rebalance trade with China.After opening remarks about energy and innovation during her annual State of the Union speech at the European Parliament on Wednesday, she quickly pivoted to the EU’s trade deficit with China and contended that the “second China shock” had already arrived.She argued that European firms must compete on a level playing field, noting that while Brussels was...