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7/16/18

EU, China seek closer ties as US turns against trade

At a time of heightened uncertainty in the global economic environment, leaders of Europe and China are meeting to ponder ways to counter the fallout from US President Trump's "America First" policies.

US President Donald Trump's attacks on the international trading system, by imposing tariffs and engaging in virulent anti-trade rhetoric, have left America's commercial partners worldwide scrambling for an appropriate response.
    
Leaders of the European Union and China, the US's most significant trading partners, were meeting in Beijing on Monday for their annual EU-China summit, with global and bilateral trade and investment relations topping the agenda.

"It is a common duty of Europe and China, America and Russia, not to destroy this (world) order, but to improve it. Not to start trade wars...but to bravely and responsibly reform the rules-based international order," European Council President Donald Tusk said in Beijing. He spoke after a meeting with Chinese Premier Li Keqiang that was also attended by European Commission President Jean-Claude Juncker.

For the complete report from the Deutsche Welle click here


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