China says there are no negotiations with the US over tariffs
China says there are no negotiations with the US over tariffs
apnews.com
China denies any suggestion it is currently in talks with the US over tariffs
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26 comments
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I wish EU was capable of similar attitude as China instead of digging our hole by trying to appease the Orange liar in chief no matter what.
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China has the luxury of being a totalitarian state. Xi does not need to worry about upcoming elections. Unfortunately in Europe any moves that requires great sacrifice might be political suicide.
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While I do think the EU is lacking the balls to do this, there's also some strategy to consider here. It certainly would be lovely if the EU would be more defensive, but also more damaging to the EU economy (at least in the short run, probably for a long time).
China is being painted as enemy number one, and there's long-standing beef between the countries. Trump lost or is losing the trade war, and needs to make himself not look weak. Meanwhile China wants to project strength internally. Whatever is happening between closed doors, China has everything to gain from humiliating the US at this point. Trumps incompetence is already evident, they just need to fuel the flames.
With the EU, the situation is wildly different. EU doesn't really want to project power, they want to project exactly as much power as is necessary not to seem weak but no more. It wants to show that it's a level-headed free trade partner ready to take the lead in the free world, the fairest and most stable market in the world.
...that's my take on it anyway. USE! USE! USE! USE! 🇪🇺
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But it is really a wise decision not taking countermeasures and sweet-talking to a bully once he slaps you? What do you think this attitude signals to the said bully?
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I'm not 100% sure about the economics of tariffs, but my interpretation is that the US are shooting themselves in the foot more than us. And if we can project an image of a stable level-headed trading partner and create good trade relations with India, China and countries in Africa and South America that might be more valuable in the long run than our US trade relations.
Basically, if US wants to hamper their own economy, let them. Meanwhile we'll be Open For Business™ and picking up all the good stuff they left behind.
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What exactly do you want the EU to do or not do?
Because I don't see any country there trying to appease Trump. Except if you mean it as literally saying nice things, instead of doing something.
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For starters implement reciprocal tariffs. Which we only virtually did only to pause them to not anger the orange. Next, don't visit the orange nor start talking with him. It's like China says, he should start conversation.
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The EU are implementing reciprocal tariffs, aren't they?
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AFAIK not. They "wanted" to, but then paused them all together, while orange retained initial ones. 🤷♂️
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No. They paused the tariffs that were in response to the ongoing steel and aluminum tariffs when Trump lowered the "lib day" tariffs from 20% to 10%.
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26 comments