The ongoing trade tensions between the US and China have led to a significant shift in international relations, with the European Union (EU) playing a crucial role in this complex scenario. The EU is currently weighing its response to China's increased tariffs on US imports, while also considering countermeasures such as levies on digital services.
In a public appeal, Chinese President Xi Jinping called on the EU to join forces to defend globalization and oppose "unilateral acts of bullying", highlighting the growing importance of cooperation between Beijing and Brussels. This move is seen as an attempt by China to strengthen its ties with the EU in the face of escalating tensions with the US.
The two sides have intensified coordination, including monitoring trade diversions from US tariffs, as they established several economic working groups after Maros Sefcovic's visit in March. Chinese President Xi Jinping expressed optimism about a potential trade deal with the EU, stating that both parties should work together to resist "unilateral bullying practices".
The EU's imposition of a 25% tariff on €20 billion worth of US imports is also seen as a significant development in this context.
With the two sides holding talks over existing trade barriers and considering a full-fledged summit in China in July, it remains to be seen how they will navigate the complex web of trade tensions between the US and China.