China is pressuring the EU into an anti-U.S. trade alliance
Retaliatory tariffs are so last month.
In response to President Trump's latest tariff load, China is trying to swap reluctant retaliation for an anti-U.S. trade alliance with the EU, Reuters reports. Senior Chinese diplomats reportedly keep trying to arrange a joint statement against Trump's policies, but European officials say the EU isn't onboard.
Both the EU and China have been victims of Trump's steep tariffs over the last few months. But China is getting tired of punching back, prompting the country's vice premier and top diplomat to meet with European leaders in an attempt to arrange an anti-American trade alliance, which they want to announce at an EU-China summit later this month. China has even offered the EU access to more of its market in hopes of sweetening the deal, Reuters says.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The EU has continually rejected China's propositions, European diplomats tell Reuters. Instead, EU officials expect Europe and China to stick with their multilateral trade policies and pledge to modernize the World Trade Organization at the summit.
Chinese state media claims the EU has China's back, but that's very untrue, one European diplomat told Reuters. The EU shares America's concerns over Chinese trade manipulation but doesn't like that the U.S. is fighting it with sweeping tariffs, meaning China will eventually have to take "no" for an answer.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Why Man United finally lost patience with ten Hag
Talking Point After another loss United sacked ten Hag in hopes of success in the Champion's League
By The Week UK Published
-
Who are the markets backing in the US election?
Talking Point Speculators are piling in on the Trump trade. A Harris victory would come as a surprise
By The Week UK Published
-
Crossword: November 3, 2024
The Week's daily crossword
By The Week Staff Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published