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On Monday, July 16, at the European Union (EU) Summit in Beijing, European Council President Donald Tusk called for the prevention of conflict and chaos, but joint efforts to reform the World Trade Organization.
Although this is already the 20th EU-China summit, this time it is really happening at a time when traditional political alliances are changing – this has also been recognized by the European representatives. China and the EU are now stuck in a US-American trade after the United States imposed import duties on the steel and aluminum importer, what the EU and China consider unfounded
. Tusk warned against the transformation of trade wars into hot conflicts. These words are very clearly aimed at the United States and its President Donald Tramp.
"The global architecture is changing before our eyes," said Donald Tusk, president of the European Council, addressing the Chinese government in Beijing. "Therefore, I ask us, the Chinese Captain, as well as President Tramp and Russian President Vladimir Putin, to start together the process of in-depth reform of the World Trade Organization," said the president of the World Trade Organization. European Council. . "It's time to avoid conflict and chaos," said Tuscus
. What both parties want, is to begin the modernization of the World Trade Organization, which is the way to promote the hatred of multilateralism. Both sides confirmed their willingness to actively engage in the Paris climate agreement, from which the United States withdrew, and also confirmed their support for the Iranian nuclear program, which the United States is are removed.
Better than the political rhetoric between the EU and the United States. China is Europe 's second largest trading partner, with a turnover of about one and a half billion euros a day
But these are not slight relationships – Europe complains of unfair practices of Chinese companies. China's investment in Europe has risen by 76%, which is worrying a lot in Europe, especially when it comes to strategic industries and businesses in Europe. 39, nationally.
BACKGROUND:
US and China Expand "Trade War" with Introduction of Additional Customs Duties on Imported Goods
Beijing Officials More Effort in addition to accessing the European Union support the formation of a trade alliance against Washington. In turn, US President Donald Tramps denied the opportunity to work more closely with Europe to resist China's influence.
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