EU does not want trade war with Beijing, says bloc's ambassador to China | Reuters
EU does not want trade war with Beijing, says bloc's ambassador to China | Reuters
cross-posted from: https://lemm.ee/post/46963723
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If the US stops Chinese stuff coming in due to tarrifs, the PRC will try and focus on the EU, flooding markets. This in turn might cause EU companies to get into trouble and require the EU to also impose tarrifs. The US can fuck the international trade of the whole world.
7 comments
The unfortunate thing is that the EU may have to suck it up and build more bridges with the PRC if the US shuns us.
Europe may be bigger than the US, but even Europe is only about 20% of the world's GDP. We can't take on Russia, the US, and China at the same time.