China Invites Europe to Allied Opponents of the United States in Trade



[ad_1]

The United States Leads a Trade War with China and the EU Countries

REPUBLIKA.CO.ID, BEIJING – China urges the EU to issue a joint statement on the policy President Donald Trump during the month. China also proposes to open more Chinese markets for EU products.

At meetings in Brussels, Berlin and Beijing, senior Chinese officials, including Deputy Prime Minister Liu He and State Councilor Wang Yan, proposed an alliance between the two economic powers. A proposal has been proposed for China and the EU to launch a joint action against the United States at the World Trade Organization (WTO).

But the European Union, the world's largest trading bloc, rejected the idea of ​​combining with Beijing against Washington. The China-Europe summit will be held in Beijing on July 16th and 17th.

EU representatives say the summit should produce a simple official announcement, which confirms the commitment of both parties to the multilateral trading system. The summit should also lead to an agreement to form a working group to modernize the WTO.

Deputy Prime Minister Liu He personally said that China is ready for the first time to establish sectors for European investment at the annual summit. The summit is expected to bring together President Xi Jinping, Chinese Premier Li Keqiang and senior EU officials.

EU representatives have described the Chinese government media as propagators of the message that the EU is on the Chinese side. This leaves the EU in a complicated position. The summit of 2016 and 2017 has ended without comment because of disagreements over the South China Sea and trade.

"China wants the EU to stand up with Beijing against Washington, to take sides We will not do it and we tell them, the Chinese Foreign Minister did not respond immediately to requests to comment on the goals of the Beijing summit

Although Trump has established tariff policies on European metal exports and threats to the European automotive industry, Brussels shares Washington's concerns in closed markets. We agree with almost all the US complaints against China, it's just that we do not agree with the way the United States deals with them "Another diplomat

." China's position is striking given the strong economic and security ties between Washington and the European countries, which shows China's concern about a trade war with China. Washington: The Trump government plans to impose an additional $ 34 billion tariff on Chinese imports on July 6.

This also underscores China's new courage to try to take leadership in case of divergence between US and European allies. "Trump has divided the West, and China is trying to take advantage of it, never feeling comfortable with the West," said a European official involved in EU diplomacy -China.

Chinese officials now have the feeling that they can try to separate the EU in many areas, such as trade and human rights. Another official described the dispute between Trump and his Western allies at the Group of Seven summit last month in Beijing, showing that European leaders were losing long-standing allies. At least in the commercial policy

The European envoy said that they already felt a greater urgency than China in 2017 to find countries willing to oppose the policy of "First America ".

A report from the New York-based Rhodium Group, a research consultant, in April, showed that China's restrictions on foreign investment are higher in each sector than in the EU. While many large acquisitions of China in the EU will not be possible for European companies in China

China has promised to open. But European leaders are waiting for any movement to be more symbolic than substantive.

They say that China's decision to lower tariffs on imported cars in May will make little difference. This is because imports are a small part of the market. China plans to switch to electric vehicles, which means that any new benefits offered by European automakers will pbad quickly.

"Whenever a train leaves the station, we are allowed to enter the platform". However, China's bid for the upcoming summit reflects Beijing's concern that the summit should face tougher EU controls. The regulator has also hampered China's takeover efforts in the United States

The EU seeks to pbad legislation allowing for better control of foreign investment

"We do not know whether "The alliance's opening is real," another EU diplomat said.

[ad_2]
Source link