Trump's tariffs: EU and China still can't agree
Trump's tariffs: EU and China still can't agree
Hong Kong - In the ongoing trade crisis under Donald Trump, some analysts thought that the European Union (EU) and China could possibly move closer together. But at the summit in Beijing on Thursday, the deeply rooted distrust and the tensions between the two business powers are expected to be clear.
summit between EU and China
Antonio Costa, President of the European Council, and Ursula from the Leyen, President of the European Commission, will meet with Chinese head of state XI Jinping and Prime Minister Li Qiang in Beijing. This meeting takes place against the background of increased tariffs to exports of both countries to the USA, which prompted Beijing to seek closer relationships with the EU and other major economies. But the multitude of existing differences makes this goal difficult to reach.
concerns of the EU
The EU did not save on its concerns before the summit. In the past few weeks, the officials have expressed their long -lasting concerns about supposedly cheap Chinese goods that "flood" the European market. In addition, alarming information on the control of the supply chain for rare earths and the ongoing support of Beijings for Russia in the Ukraine War were given.
reactions from Beijing
Beijing reacted violently to these concerns, in particular to the decision of the 27 Member States, in the last year to raise tariffs Commercial investigations. After the EU decided last month to exclude Chinese companies from public tenders for medical devices above a certain value, Beijing reacted with its own restrictions for the purchase of European devices.
The effects of US policy
Trump's trade war and its negotiations with both great powers also throw a long shadow over the summit. At the beginning of the year there was already signs that Beijing hoped that the common threat from the US Customs Customs could bring China and Europe closer together. However, Ursula von der Leyen made it clear to the G7 leaders and European MPs in separate speeches that the EU's deep concerns still exist towards Beijing.
demands for cooperation
The EU is clearly in its desire not to abort economic relationships, but "to balance", especially in view of a deficit of over 300 billion euros last year. At the same time, the EU wants to contribute to “entering” supply chains and working together with China on global topics such as climate change - a potential settlement area this week.
The challenges of cooperation
However, experts point out that a central obstacle to Europe is convinced that Beijing does not react to Brüssels's central concerns. "We had no longer had an EU China summit that had brought realizable results for many years, and this will not be otherwise," said Noah Barkin from the German Marshall Fund of the United States.outlook on the summit
Against the background that every concrete progress seems rather unlikely, emphasize observers on both sides that the dialogue itself is already progress. With regard to the ongoing conflicts and challenges, from which climate change ranges to AI, the need for cooperation between the EU and China becomes clear. Wang Yiwei, director of the Institute for International Relations at the Renmin University in Beijing, emphasized: "If China and the EU strive for Win-win cooperation, the so-called new cold war cannot prevail."
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