EU Waits on Trump Letter
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The trade relationship between China and the European Union is becoming increasingly fractured. Trade tensions between the two have long been simmering, but now appear to be heating up. There is little expectation for the relationship to improve,
The bloc’s boss Ursula von der Leyen is locked in a spat with Beijing and high-stakes tariff talks with Washington. The European Union’s need for Chinese rare earths and a US trade deal makes it look powerless.
Chinese Foreign Minister Wang Yi was in Europe to set the tone for the upcoming EU-China Summit, but the differences are such between the two sides that the summit could become meaningless and get condensed to a one-day affair.
Every Friday, we recap highlights of the news from China. This week, we are flagging some hurdles ahead of an EU summit in Beijing, and the anticipation before the release of important economic data.
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China-EU Trade War: Who Holds the Real Power?China and the EU are locked in an escalating trade war with serious global consequences. Learn how tariffs, policy clashes, and tech competition are reshaping power dynamics.
EU imports nearly all rare earths from China; experts warn of 'blackmail' risk as bloc faces pressure from Trump tariffs, Beijing's grip ahead of high-stakes EU-China summit
With the EU’s exports to China valued at €224bn, not counting services and investments, China has substantial leverage. A protracted EU-China trade war would have profound implications. Firstly, it could disrupt the atmosphere within the multilateral trading system, notably affecting the WTO, where both the EU and China play crucial roles.
→ China and the EU risk a trade war; From the December 9th 2023 edition. Discover stories from this section and more in the list of contents.
China's trade spat with the European Union deepened as Beijing introduced tariffs of up to 30 percent on brandy originating in the 27-member bloc.. Beijing's commerce ministry announced the tit ...
China just wants them to march up to Macron and say ‘We have to buckle!’” The EU went on the attack more than a decade ago, aiming to slap duties of no less than 48 percent on Chinese solar panels because they were eroding the EU’s own production. | STR/AFP via Getty Images So is this really a trade war? That depends on who you ask.
With billions of dollars in trade at stake, China and the European Union have agreed to engage in ... Page 3 of the New York edition with the headline: China and E.U. Attempt To Head Off a Trade War.