The Biden administration argues China subsidizes its products so aggressively and produces them at such scale it undermines …
Title: U.S. and Europe Plan Strategic Partnership to Counteract Chinese Exports
In the face of growing economic tensions, the United States has proposed a strategic partnership with European nations to counteract the rising dominance of Chinese exports. This development, first reported by Reuters, underscores a renewed focus on international cooperation to address global trade imbalances.
The proposed partnership aims to bolster economic resilience and foster a more balanced global trade landscape. The U.S. and Europe are expected to collaborate on various fronts, including technology, infrastructure, and supply chain security. This move comes as both regions grapple with the economic fallout from the COVID-19 pandemic and the ongoing trade war with China.
The news of this strategic partnership is significant, as it marks a shift in the geopolitical landscape. It signals a collective effort by Western powers to challenge China's economic influence, particularly in the tech sector, where Beijing has been making substantial strides. The partnership could potentially lead to the creation of alternative supply chains, reducing dependence on Chinese exports and mitigating the risk of disruptions.
The details of the partnership are still being finalized, and it remains to be seen how effective it will be in countering Chinese exports. However, the initiative underscores a growing recognition among Western nations of the need for strategic partnerships to navigate the complexities of the global economy. As the world recovers from the pandemic and trade tensions continue, such partnerships could play a crucial role in shaping the global economic landscape.
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22 Comments
This people are very corrupt and evil..
The global population loves those cheap goods because the majority of the world population are poor people. America needs to work out a formular to compete with China . Western countries have a bailout system if companies are in receivership.
Why doesn't US government also subsidize US companies so US consumers can also enjoy low price products?
The U.S. and Europe could find themselves in an overcrowded life boat on it's way to Davy Jones' locker.
Any nation would be stupid to befriend the the usa govâĻ. Us is a global criminal
China and Russia deal with BRIC countries and not euporean and America
US economy Hopeless!
US economy Hopeless!
Instead of finding a way to be better or more competitive, US and EU chose to blame and complaint. This is self defeating, pathetic and moronic.
These tariffs collusion are going to destroy what is left of western industrial capacity. If there is no competition, there is no incentive to improve, but there will be an incentive for complacency and keeping things the way they are. It's amazing to see how China went from zero to hero in 20 years. All the centuries of built in advantage that the west has is gone in 20 years. Actually China has even surpassed them.
There is no plan to compete. What will happen in 5 years from now?
The decline of the west is real…and scary. I m happy to have another nationality. I just need to prepare for my exit.
Janet Yellen US and Europe will fail miserably to contain China no ways they can stop China from approaching no. 1 superpower in economy and probably defenses
Think Europe is as easy to fool as Japan and Korea? Asking Japan and Korea not selling chips to China while Intel and Nvidia are continuing selling. Check out what's the top downloads in US, what products are selling in Walmart and Amazon? đđ
Now US alone can't beat CHINA, need help from allies., đđđ
This is a political game. The US does this way so that they can put sanctions against China and other nations . :)) China and Russia , and other nations should be greatly working together in terms of trading.
This means that the US auto industry is weaker than China. However, US told China that it would be an eternal friend. We know that Great president Biden is receiving money from China.
đđđ
It is every man for himself as aoon as they discover the cost to support US stance qhich is basically motivated by self interest.
Turkey haa just decided to join BRICS and soon many EU nations will follow.
Example Ukraine is a war supported by a few main members but not the rest.
U x hard stance towards China has driven a wedge between them.
EU unity is alas a myth.
Even without subsidies, Chinese made products are always cheap. Is this a pretext?
So they're just efficient?
đ¤Ŗđ¤Ŗđ¤Ŗđ¤Ŗđ¤Ŗđ¤Ŗ. First the U.S. and EU will need to manufacture goods that people want globally.
China subsidy is mostly bad for the G7 countries, but mostly good for the developing countries….
There are two sides of the same coin….
this looks sooo embarassing. almost like US can't stand with their own feet
How stupid can any leader of a country to prevent inflation by importing cheap products? It benefits all consumers. Except politicians