EU-China Trade Boost
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multilateral trading systemWashington Post
•US Politics
US Politics
Spurned by Trump, Europe and China weigh closer economic ties
73% Informative
The E.U. is cautiously looking to Beijing as one way to achieve what it now calls a need to “diversify” its economic partners in the face of U.S. aggression.
Europe has long looked warily on China ’s economic power out of a homegrown sense of distrust.
China has largely refrained from imposing significant tariffs on European goods.
China is self-sufficient and doesn’t need to bend to Europe to weather trade storm.
For Europe , no trading partner besides the U.S. holds more promise — or challenge — than China .
Europe is now facing a technology and competitiveness gap with Chinese companies.
China ’s domestic market remains difficult to penetrate, and its own slowing growth is hurting once-booming sales of European luxury goods.
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