Thomas Trutschel | Photothek | Getty ImagesHungary's foreign minister said Tuesday that any move to decouple, or even de-risk, from China would be an act of "suicide" for Europe. "Both decoupling and de-risking would be a suicide committed by the European economy," Szijjártó told CNBC's Sam Vadas at the World Economic Forum's annual conference in Tianjin, China. "How could you decouple without killing the European economy?" Péter Szijjártó Foreign Minister of HungaryThe issue is a particularly sensitive balancing act for Europe, which remains deeply reliant on U.S. support in Ukraine but also has critical economic ties with Beijing. China was the largest source of EU imports and the third-largest buyer of EU goods in 2022, according to Eurostat.

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Persons: Thomas Trutschel, Péter Szijjártó, Szijjártó, CNBC's Sam Vadas, Péter, Mercedez Organizations: Photothek, Getty, Beijing, Péter Szijjártó, Eurostat, European Union, Amperex Technology, Mercedez Benz, BMW, VW Locations: China, Europe, Tianjin, Beijing, Hungary, Ukraine