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Already on Friday, July 6, additional US tariffs on goods imported from China come into effect. At present, Beijing officials are striving more and more to obtain EU support for a trade alliance against Washington.
Europe rejected this offer. In contrast, US President Donald Tramps refused to collaborate more closely with Europe to resist the influence of China.
China-EU summit to discuss cooperation in mid-July
The summit of the European Union (EU) and China will be held in mid-July in Beijing, during which the political and economic leaders of both sides will discuss the promotion of bilateral relations. After the introduction by US President Donald Tramps of tariffs on aluminum and steel imported to the United States, China and the European Union find themselves in similar positions, expressing their dissatisfaction. with these actions and the implementation of the answers
Reuters reports that, in the run-up to the Beijing summit, China has intensified pressure on the European Union to strictly condemn the trade policy continued by Donald Tramp
and in Beijing, Chinese Vice Premier Li He and Chinese diplomat Wang Jie proposed to create a joint alliance with the United States. Among other things, China is ready to identify for the first time sectors likely to be open to European investment. Similarly, the offer to China and the European Union to jointly address the United States to the World Trade Organization
However, the European Union , which is the largest trading bloc in the world, rejected such an offer. A European diplomat told the agency that the European Union did not want to choose the parties and that this position was clearly expressed to the representatives of Beijing.
The reluctance to adhere to such alliances could be explained by the fact that the European Union and the United States coincide with most questions about Chinese behavior in the world market. The European Union and the United States have expressed concerns about China's closed economy and have drawn attention to Beijing's manipulations aimed at dominating the global market. At the same time, on the other side of the Atlantic, the United States has repeatedly called on the United States to seek closer ties with its closest trade allies, including the United States. European Union,
Last weekend, US President Donald Tramps, in an interview with US television channel Fox News, said that Europe was not particularly lagging behind from China
. kina Just less. What they do to us is terrible. Or in the automotive sector – they send us a Mercedes, but we can not send them their cars. Look what they do with our farmers? They do not want our agricultural products, but they want to protect our farmers. We do not protect ourselves, but they do not care. If you look at the trade surplus, the European Union has provided us with $ 151 billion more. In addition, we are still spending huge resources to protect them, "said Tramps.
Tramps has already stated that despite various protests, including from the US Chamber of Commerce and political parties, it would not abandon trade policy.
Coming back to China's activities, experts point out that its actions are becoming more and more arduous, which could also be highlighted by fears of a much wider trade war
. While striving to establish closer relations with other neighbors in Asia, China has agreed to reduce existing fees for thousands of goods coming from the US. India, South Korea, Sri Lanka and Bangladesh. China, at a time when relations with its closest allies in Europe, Canada and Japan have strained not only in terms of trade, but also of climate change and foreign policy, China is also seeking to take leadership in a wider region. Namely, it has never been profitable for the Western world to operate in a single block.
After the American disputes with its allies, the G7 summit actually presented a great gift to China. And now, there is an opportunity to try to divide the European Union in the areas of trade and human rights.
That is why, before the next summit of July 16 and 17, there will probably be no great progress in relations between the two parties. Mainly because it is not yet known to what extent China is ready to open its economy and how it will respond to the desire of Europeans to monitor more closely foreign investors, especially Chinese.
It is very likely that the parties will accept a rather modest final declaration. in which China and the European Union will reaffirm the credibility of the multilateral trading system and declare their willingness to form a working group to modernize the World Trade Organization.
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