EU prepares for trade war with China. Can it win?

📡 South China Morning Post (SCMP) · 1 min read ·
EU prepares for trade war with China. Can it win?
As trade tensions with China reach a boiling point, European Union officials are increasing talks with Beijing to find a way out. Behind the scenes, however, Europe is quietly preparing for a trade war. In Brussels, a steely determination has taken hold. The goal is to prevent the bloc’s manufacturing heartlands from being destroyed by what experts call “China Shock 2.0.” This refers to a new wave of cheap Chinese exports that could flood European markets. Some industries are already losing jobs. To fight back, the EU is building economic resilience and reducing its reliance on China. These plans now include deterrents, as Brussels looks to protect its factories and workers.