Closer economic and trade relations with China von der Leyen: EU will further shift to Asia
2025-04-14
Due to concerns that the transatlantic relationship has suffered irreversible damage, the European Union is competing to reach trade agreements with countries around the world to reduce its dependence on the United States, "Bloomberg reported on the 11th. The EU's chief negotiator and commissioner responsible for trade and economic security, Shevchenko, is expected to travel to Washington on the 14th local time to lobby US President Trump to lower tariffs on EU exports worth 380 billion euros. Insiders revealed that while negotiations are underway, the EU is intensifying efforts to reach free trade agreements in other regions, as EU officials believe that the relationship between the EU and the United States will never go back to the past. European Commission President von der Leyen said on the 10th that the EU will further turn to Asia. The transatlantic trade war may escalate. According to a report by The New York Times on the 11th, a spokesperson for the European Commission stated on the 10th that the goal of this visit to the United States is to strive for a "win-win" situation. The EU has thrown out some bait, such as reducing tariffs on imports of American cars and other industrial products, and increasing purchases of liquefied natural gas from the United States. The EU also threatened retaliatory measures if negotiations fail. Not long ago, Trump announced a 20% "equivalent" tariff on almost all EU exports, and then postponed this measure for 90 days, maintaining the new 10% tariff rate unchanged. The United States also imposes a 25% tariff on steel and aluminum exports from the European Union, as well as a 25% tariff on EU cars and some car parts. Trump also stated that he will announce additional tariffs on wood, semiconductor chips, and pharmaceuticals. A few days ago, in an exclusive interview with the Financial Times, von der Leyen said that if the negotiations with the US government on the tariff issue failed to reach a solution, she was prepared to expand the transatlantic trade war to the service sector, possibly taxing digital advertising revenue, which would directly affect the US technology giants such as Google and Facebook. Von der Leyen said that the EU hopes to reach a mutually acceptable agreement with the United States on the tariff issue. Otherwise, if China and the EU find common ground in keeping the global market open, Europe can focus on reducing its dependence on the United States under Trump's leadership. The EU's goal is to "protect the remaining 87%," according to The Japan Times on the 12th. The EU is launching a charm offensive to diversify its allies in Asia and other regions, holding consecutive summits and engaging in trade negotiations in various directions. Since January, the EU's trade negotiation schedule has been packed. The EU agreed to strengthen trade relations with Mexico just days before Trump's inauguration and restart trade negotiations with Malaysia on the day of Trump's inauguration. Subsequently, in February and March, senior EU officials met with leaders from India and South Africa to discuss topics such as trade, while actively seeking to establish closer relations with Canada. According to data compiled by the European Union, the EU has the world's largest network of trade agreements, covering approximately 75 partners with a trade volume exceeding 2 trillion euros. Among them, the transatlantic trade in goods and services has reached 1.6 trillion euros. The New York Times reported that in a recent speech, Shevchovich bluntly stated that the United States accounts for 13% of global commodity trade, and the European Union's goal is to "protect the remaining 87% and ensure that the global trading system benefits our other countries. Von der Leyen said on the 10th that "Europe continues to be committed to the diversification of trade partnerships, engaging with countries accounting for 87% of global trade, and working together to free and open exchange of goods, services and ideas." Bloomberg said that von der Leyen mentioned on the 10th that the EU will further turn to Asia, and said that it will explore strengthening cooperation with members of the Comprehensive and Progressive Trans Pacific Partnership Agreement (CPTPP). This agreement covers the trade zone from Australia to Canada. New Zealand Prime Minister Lakson proposed to build a broader agreement with the European Union on building a rules based trade bloc based on the agreement. The Trump tariffs have brought the EU and China closer together, and the tariff war is also bringing trade relations between the EU and China closer. Reuters reported on the 11th that since Trump returned to the White House, a group of European officials and lawmakers have traveled to Beijing. Both sides have quietly strengthened coordination. On the 8th, Minister of Commerce Wang Wentao held a video conference with European Commission's Commissioner for Trade and Economic Security, Shevchovich. Both parties agree to initiate consultations as soon as possible, deeply discuss market access related issues, create a more favorable business environment for enterprises, immediately carry out negotiations on electric vehicle price commitments, and discuss investment cooperation in the China Europe automotive industry. The Belgian news agency reported that a spokesperson for European Council President Costa confirmed on the 11th that the next China Europe summit is being coordinated and is expected to be held in July. Trump's tariffs have brought the EU closer to China On the 11th, Singapore's "Thought China" magazine stated that both Europe and China are powerful economies, and their renewed engagement may attract other participants to join a "willingness alliance" to maintain strong global demand and prevent a catastrophic economic recession. It can be certain that ASEAN and the English speaking community (UK, Canada, Australia, and New Zealand), as well as India, Japan, and South Korea, will also benefit from it. According to Kirill Seleznev, a stock market expert at Garda Capital, the combined GDP of China and the European Union accounts for a significant portion of the global economy and is expected to continue growing in the coming years. However, Agence France Presse quoted experts as saying that the EU's diversification efforts may encounter obstacles, including the fact that the United States has market power and demand that are difficult to match globally, making it difficult for the United States to be replaced, especially in the short term. Wagner Folkman, a researcher at the European Policy Center, said that re planning trade routes and trade volumes takes time and cannot be achieved overnight. The New York Times believes that this "turn" is unlikely to be painless, but as Ms. von der Leyen and her colleagues often point out, "the US consumer market is huge, but it is not omnipotent". The basic strategy of Europe is clear: it is pushing for an agreement with the United States, but it also recognizes that the world is at the forefront of change and hopes to use this situation to succeed. Not changing is not a choice
Edit:Lin Bodan Responsible editor:Li Yi
Source:CCTV
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