EU Leaders Turn to China After Trump Visit Clouds U.S. Relations – Bloomberg
After a tumultuous week hosting U.S. President Donald Trump, European leaders will look to fare better when Chinese Premier Li Keqiang visits Brussels on Thursday.
The two-day summit presents an opportunity for China to demonstrate its leadership on global issues from free trade to climate change at a time when the U.S. is turning inward. Yet European Union officials remain skeptical that China will follow through on President Xi Jinpings commitment to global trade expressed in Davos in January, and the two economic powers remain mired in long-standing tussles over issues such as market access and selling goods below cost.
EU President Donald Tusk and European Commission President Jean-Claude Juncker will attend the summit, where China will be looking for progress on the EUs proposal to begin recognizing it as a market economy -- a status that makes it more difficult to impose anti-dumping measures on its exports.The two sides will also seek to work on a stalled investment deal thats seen as a precursor to a potential trade agreement.
The country needs to walk the talk, European Commissioner for Trade Cecilia Malmstrom told the European Business Summit in Brussels in May. Whatever President Xi says in Davos, China is still far from a market economy.
Get the latest on global politics in your inbox, every day.
Get our newsletter daily.
The summit is taking place days after German Chancellor Angela Merkel -- who will meet with the Chinese premier in Berlin on Thursday morning -- gave her strongest indication that Europe and the U.S. are drifting apart. During his first foreign trip, Trump raised questions over relations with traditional U.S. allies when he hectored NATO nations for not spending enough on defense and called Germanys trade surplus very bad.
The summit gives Chinas leaders the chance to show that their aspirations to lead on economic globalization are sincere, said Mats Harborn, president of the European Union Chamber of Commerce in China. He said its time for the two economies to back up their words by moving forward to complete the investment agreement and to offer reciprocal market access.
At the meeting, the EU and China will seek to create momentum for a bilateral investment agreement, according to a European official with knowledge of the discussions who asked not to be named because talks are ongoing. Europeans have said an investment accord is a precondition for any move toward a broader EU-China trade deal.
The Sino-European relationship is up in the air, said Philippe Le Corre, a visiting fellow at theBrookings Institutions Center on the United States and Europe. From Brussels, the list of unsolved issues remains: market economy status, bilateral investment treaty, lack of market access to European companies in China.
Three years of talks between Brussels and Beijing on the Comprehensive Agreement on Investment have stalled. European businesses remain disappointed with Chinas efforts to level the playing field for companies operating in the nation, the EUs second-largest trading partner, a survey by the European Union Chamber of Commerce in China showed on Wednesday.
Half of European companies feel less welcome in China than when they first entered the market, according to the survey. More than half reported that they are treated unfairly compared to domestic Chinese companies.
A January report conducted by Rhodium Group and the Berlin-based Mercator Institute for China Studies estimated that Chinese direct investment in the EU surged 77 percent to 35 billion euros ($39 billion) in 2016. In contrast, the value of EU transactions in China decreased for a fourth straight year to only 8 billion euros.
At the Brussels meeting, the EU will press the Chinese government to accelerate steps to open up the domestic economy, according to the official, who also said Europe would raise sensitive trade matters such as demands for China to cut steel overcapacity.
We all know European companies investing in China face difficulties and discrimination,EU Trade Commissioner Malmstromsaid. Its not fair competition or fair trade when the playing field is tilted against you, with dumping and subsidies.
China is also complaining. Beijing has alleged the EUs method for calculating anti-dumping measures against Chinese products including steel violates agreements at the World Trade Organization, which has begun investigating the issue, Bloomberg reported in April.
The European Commission drafted legislation late last year that would abolish the non-market-economy label the EU assigns to China when probing alleged below-cost imports. The measures, which would make it more difficult to impose high anti-dumping duties, need the support of EU governments and lawmakers in a process that can take months or years.
The EU should avoid causing negative impact on the development of China-EU trade and economic relations, Wang Hejun, director of the Chinese commerce ministrys Trade Remedy and Investigation Bureau, said in a statement objecting to the EUs extension of anti-dumping measures relating to photovoltaic products in March.
Aside from trade and investment, other potential sticking points may include tensions over Chinas construction of military facilities in the East and South China Seas. Leaders at last weekends Group of Seven summit urged parties to pursue demilitarization of disputed features in the disputed waters.
The meeting may yield more common ground on combating climate change, with both the EU and China already signaling their intentions to advance the Paris Agreement. Trump failed to commit to the global pact at the G-7 gathering and announced on Twitter on Wednesday that he would make a decision on whether to remain in the accord over the next few days.
Regardless of the U.S. presidents decision on the Paris Agreement, the EU and China will pledge to stand by their commitments on curbing greenhouse-gas emissions, according to the European official.
As China-EU economic and trade relations continue to grow, some existing differences between them may be eliminated while others arise, according to Ambassador Yang Yanyi, head of the Chinese mission to the EU.
This is just natural,Yang told Chinas official Xinhua News Agencyin an interview before the summit. The key is to understand how to manage and handle these differences properly.
With assistance by Keith Zhai, and Peter Martin
Go here to see the original:
EU Leaders Turn to China After Trump Visit Clouds U.S. Relations - Bloomberg
- The European Union just issued a dire warning to its 450 million citizens: Stockpile supplies and prepare for disaster - Fortune - March 26th, 2025 [March 26th, 2025]
- The European Union is preparing for war and is calling for emergency reserves in every home - CiberCuba - March 26th, 2025 [March 26th, 2025]
- The European Union rejected Russias demand for a ceasefire in exchange for lifting sanctions - - March 26th, 2025 [March 26th, 2025]
- Exclusive | European Union to slap Meta with fine up to $1B or more for breaching strict antitrust rules: sources - New York Post - March 26th, 2025 [March 26th, 2025]
- Peter Rough sat down with Kaja Kallas, European Union high representative for foreign affairs and security policy and European Commission vice... - March 26th, 2025 [March 26th, 2025]
- Court of Justice of the European Union: Member states representatives appoint thirteen judges to the General Court - consilium.europa.eu - March 26th, 2025 [March 26th, 2025]
- When the European Union wants to get back to basics - Marketscreener.com - March 26th, 2025 [March 26th, 2025]
- The European Union urges citizens to stockpile supplies to last 3 days in case of crisis - Goshen News - March 26th, 2025 [March 26th, 2025]
- The European Union urges citizens to stockpile supplies to last 3 days in case of crisis - Oil City Derrick - March 26th, 2025 [March 26th, 2025]
- European Union's Transmission Shafts and Cranks Market Expected to Slightly Increase with a CAGR of +0.3% over the Next Decade - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- New European Union Plan To Boost Local Arms Production Would Freeze U.S. Out Of Billions - The War Zone - March 26th, 2025 [March 26th, 2025]
- European Union's Roasted Coffee Market to See Continued Growth with +0.6% CAGR by 2035 - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- EU Penalizes RPM And Other Vertical Conduct Violations - Cartels, Monopolies - European Union - Mondaq News Alerts - March 26th, 2025 [March 26th, 2025]
- European Union's Toilet Paper Market to Reach $27.1B by 2035 with +0.5% CAGR - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- European Union Delays Retaliatory Tariffs On U.S. ProductsIncluding Whiskey - Forbes - March 20th, 2025 [March 20th, 2025]
- ICC President visits Brussels, urges European Union to take immediate action to protect the Court - the International Criminal Court - March 20th, 2025 [March 20th, 2025]
- The European Sting is Your democratic, independent and top quality political newspaper specialized in European Union News. Unique Features: iSting... - March 20th, 2025 [March 20th, 2025]
- The Prime Minister of Slovakia supported Ukraine's integration into the European Union - Eurasia Daily - March 20th, 2025 [March 20th, 2025]
- Trump reacts to European Union slapping tariffs on U.S. goods - CBS News - March 13th, 2025 [March 13th, 2025]
- Rxulti approved in the European Union for adolescent schizophrenia - PharmaTimes - March 13th, 2025 [March 13th, 2025]
- European Union Responds With Tariffs on Soybeans, Other Ag Exports - DTN The Progressive Farmer - March 13th, 2025 [March 13th, 2025]
- European Union retaliates with tariffs on $28 billion U.S. products - RFD-TV - March 13th, 2025 [March 13th, 2025]
- Donald Trump threatens European Union with 200% tariffs on specific goods if they dont remove nasty tax - UNILAD - March 13th, 2025 [March 13th, 2025]
- Canada and the European Union announce retaliatory tariffs against the United States - KREM.com - March 13th, 2025 [March 13th, 2025]
- Commission decides to refer SPAIN to the Court of Justice of the European Union due to discriminatory tax treatment of non-resident taxpayers - The... - March 13th, 2025 [March 13th, 2025]
- European Union hits back with counter tariffs on US goods - USA TODAY - March 13th, 2025 [March 13th, 2025]
- Trade Wars: European Union Retaliates Against U.S. Tariffs on Steel and Aluminum - TipRanks - March 13th, 2025 [March 13th, 2025]
- Commission hosts event to gather input and expertise on upcoming European Water Resilience Strategy - European Union - March 7th, 2025 [March 7th, 2025]
- UNESCO and the European Union Promote Training in Creative Tourism in the Caribbean - UNESCO - March 7th, 2025 [March 7th, 2025]
- The Interests of the European Union and the United States Are Diverging - Modern Diplomacy - March 7th, 2025 [March 7th, 2025]
- Tunisia: Call for the European Union to send international observers to the so-called "conspiracy" trial - FIDH - March 7th, 2025 [March 7th, 2025]
- European Union Blasts Trump Tariff Threats as Starmer Visits White House - Newsweek - February 27th, 2025 [February 27th, 2025]
- Trump vows to slap 25% tariffs on the European Union - FRANCE 24 English - February 27th, 2025 [February 27th, 2025]
- Trump vows to impose 25% tariffs on imports from the European Union - The Associated Press - February 27th, 2025 [February 27th, 2025]
- Trump says tariff level will be 25% on European Union products - Le Monde - February 27th, 2025 [February 27th, 2025]
- EU reaffirms unwavering support to Ukraine on anniversary of invasion - European Union - February 27th, 2025 [February 27th, 2025]
- The European Union is financing a project to strengthen social protection for women in ten local communities in Bosnia and Herzegovina - EEAS - February 27th, 2025 [February 27th, 2025]
- Trump's reciprocal tariffs would hit these European Union products that Americans buy the hardest - CNBC - February 14th, 2025 [February 14th, 2025]
- European Union Says It Will Respond "Firmly, Immediately" To Trump's Tariffs - NDTV - February 14th, 2025 [February 14th, 2025]
- How the European Union could counter US tariffs - ING Think - February 14th, 2025 [February 14th, 2025]
- (Nemolizumab) Approved in the European Union for Moderate-to-Severe Atopic Dermatitis and Prurigo Nodularis - Business Wire - February 14th, 2025 [February 14th, 2025]
- European Union could ban the number 1 Catholic app in the world: Hallow - ZENIT - English - February 14th, 2025 [February 14th, 2025]
- Political contagion in Europe: can the European Union survive Trumpism? - Bruegel - January 19th, 2025 [January 19th, 2025]
- Bolstering the cybersecurity of the healthcare sector - European Union - January 19th, 2025 [January 19th, 2025]
- Medidatas Patient Experience Recognized as Sustainability Solution by the European Union, Paving the Way for Greener Clinical Trials - Dassault... - January 19th, 2025 [January 19th, 2025]
- European Union Special Representative for the Great Lakes Region, Johan Borgstam, makes first official visit to Tanzania - EEAS - January 19th, 2025 [January 19th, 2025]
- Indicating the way forward for sustainable European aviation - European Union - January 19th, 2025 [January 19th, 2025]
- UNHCR and the European Union join forces to provide lasting solutions for Afghan refugees and returnees - EEAS - January 19th, 2025 [January 19th, 2025]
- Irregular migration into the European Union fell sharply last year, border agency says - The Associated Press - January 19th, 2025 [January 19th, 2025]
- Poland Assumes the Presidency of the Council of the European Union - Kyiv Post - January 6th, 2025 [January 6th, 2025]
- Far From Ignorant: The European Union, Arms Exports and Israel - CounterPunch - January 3rd, 2025 [January 3rd, 2025]
- Major changes in the European Union - summary of 2024: everything you need to know in 2025 - Visit Ukraine - January 3rd, 2025 [January 3rd, 2025]
- Hungary's controversial presidency of the Council of the European Union comes to an end - Euronews - January 1st, 2025 [January 1st, 2025]
- 30 years together: Austria, Finland and Sweden in the EU - European Union - January 1st, 2025 [January 1st, 2025]
- AI and Employee Data Protection in the European Union: 8 Key Takeaways for Multinational Businesses - JD Supra - January 1st, 2025 [January 1st, 2025]
- Pro-European Union Protests in Georgia Continue into New Years Eve - AL24 News - January 1st, 2025 [January 1st, 2025]
- 2025, between the reformist drive and the structural challenges of the European Union - The Diplomat in Spain - January 1st, 2025 [January 1st, 2025]
- Statement on behalf of the European Union and its Member States by H.E. Ambassador Stavros Lambrinidis, Delegation of the European Union to the United... - December 30th, 2024 [December 30th, 2024]
- European Union to resume Association Council meetings with Israel - The Times of Israel - December 18th, 2024 [December 18th, 2024]
- Its time for the European Union to rethink personal social networking - Bruegel - December 18th, 2024 [December 18th, 2024]
- Mistral 3 project to receive 60 million from European Union - MBDA - December 18th, 2024 [December 18th, 2024]
- The European Union and Palestinian Authority convene Investment Platform and announce EUR 28.3 million of investments for the Palestine Financial... - December 18th, 2024 [December 18th, 2024]
- The EVERY Company Further Expands its IP Estate with European Union Patent for Recombinant Ovalbumin - Business Wire - December 18th, 2024 [December 18th, 2024]
- European Union sanctions 26 individuals and two entities in Belarus - euneighbourseast.eu - December 18th, 2024 [December 18th, 2024]
- European Union: What do CG&R companies need to know about the European Accessibility Act? - GlobalComplianceNews - December 18th, 2024 [December 18th, 2024]
- New EU norms to reduce environmental impact of smitheries and foundries - European Union - December 14th, 2024 [December 14th, 2024]
- Syria: Statement by the High Representative on behalf of the European Union on the fall of the Assad regime - consilium.europa.eu - December 10th, 2024 [December 10th, 2024]
- European Union and the Gates Foundation to co-host Gavi 6.0 High Level Pledging Summit - Bill & Melinda Gates Foundation - December 10th, 2024 [December 10th, 2024]
- European Union orders TikTok to preserve data related to Romanian election - The Associated Press - December 10th, 2024 [December 10th, 2024]
- European Union - United Republic of Tanzania: Joint Communique of the 2024 Partnership Dialogue - EEAS - December 10th, 2024 [December 10th, 2024]
- Human Rights Day: Statement by the High Representative on behalf of the European Union - consilium.europa.eu - December 10th, 2024 [December 10th, 2024]
- We are waiting to return home - helping refugees in Sudan - European Union - December 10th, 2024 [December 10th, 2024]
- Revised Regulation on Classification, Labelling and Packaging of Chemicals enters into force - European Union - December 10th, 2024 [December 10th, 2024]
- CCS legal framework for the development of carbon capture and storage technologies in Poland and the European Union - Dentons - December 10th, 2024 [December 10th, 2024]
- Mercosur and the European Union sign trade agreement - Fresh Fruit Portal - December 10th, 2024 [December 10th, 2024]
- European Union To Spend Over $4 Million And 3 Years To Create Report On European Animation Industry - Cartoon Brew - December 4th, 2024 [December 4th, 2024]
- Speech by President von der Leyen at the European Parliament Plenary on the new College of Commissioners and its programme - European Union - December 4th, 2024 [December 4th, 2024]
- ASSEMBLY | EU bishops reflect on Europes future and challenges of the new institutional cycle - The Catholic Church in the European Union - December 4th, 2024 [December 4th, 2024]
- Georgia suspends talks on joining the European Union and accuses the bloc of blackmail - The Associated Press - November 30th, 2024 [November 30th, 2024]
- An update on political advertising in the European Union - The Keyword - November 30th, 2024 [November 30th, 2024]