Original title: Sino US triangle adjustment: China should not be too optimistic
At the same time, the United States launched a trade war with China, and Europe has repeatedly disagreed with each other in the fields of economy, trade, security, diplomacy and so on. This has pushed for the adjustment of Sino-US-EU relations. There are both opportunities for China and Europe to approach each other and risks for the United States and Europe jointly exerting pressure on China.
A series of moves by the US government have brought mutual trust between the US and Europe to a new level. The article in Japan's Finance, Finance, Commerce and Trade points out that Trump's "American First Doctrine" policy is a huge risk facing the EU. The European Union reacted strongly to NATO's share of costs, high tariffs on steel and aluminium products, the tearing up of Iran's nuclear agreement and the relocation of the US Embassy in Israel to Jerusalem. The Japan Economic News also noted that the NATO summit in mid-July showed a serious breach in the security field between the United States and Europe. The economic and security framework established by the United States and Europe to defeat the Soviet Union by the West after World War II was greatly shaken in the face of "US priority". The joint defense mechanism of "permanent structural cooperation" was established at the meeting of EU foreign ministers in December last year. It became the first defense agency of transcendental countries established by the European Defense Community after more than 60 years of setbacks, and it was also a response to US policy.
The adjustment of US Europe relations has prompted Europe to turn its attention to China. Ian Bremer, president of Eurasia Group, wrote that Trump's imposition of high tariffs on a large number of imports from China and the European Union gave Beijing and Brussels an unprecedented incentive to cooperate. The EU is already China's largest trading partner and second largest export market, and will have great opportunities from China in the future. In the automotive industry, for example, China has promised to lift the proportion of foreign ownership restrictions by 2022, and restrictions on electric vehicles and other new energy automotive enterprises will even be lifted sooner. As long as Trump continues to implement its tax strategy, China will inevitably reject American companies, so that European automakers will enjoy these opportunities exclusively.
China must not be too optimistic. There are still potential differences between China and Europe in terms of interests and values. On the one hand, the U.S. and European leaders met on July 25, temporarily eliminating the threat of a U.S. -European trade war and expressing their joint commitment to eliminating trade barriers; on the other hand, the European Union is not without views on China, but does not agree with the way the United States launched a trade war. France's Le Monde article suggested that the United States should work with the European Union and its democratic trading partners to combat China, including focusing discussions on restraining China, imposing new regulations to weaken China's subsidies to industry, preventing the forced transfer of technology and combating intellectual property theft.
It can be seen from this that although the US government's four-sided attacks have provided impetus for the approach of China and Europe, as well as opportunities for China and Europe to work together to safeguard the world trade order, the possibility of US-EU joint pressure on China can not be ignored and should be well prevented.
Editor in chief: Wu Jinming
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