EU is increasingly "frustrated". Lots of threats. Also first time I am hearing that the EU may use its law to block CATL's investment in Hungary
EU trade official rumbling about some stuff. He should direct his anger at the US instead:
EU trade Was would be quite funny IMO. It would be the final nail in the coffin for them
EU-China Summit: the trust deficit threatening trade and diplomacy
- Beijing and Brussels are marking 20 years of their strategic partnership but two are odds over Chinese industrial subsidies and a blockade of a member state
- The differences are clouding prospects for a leaders’ meeting where the only deliverable may be the talks themselves
Two weeks out from a crucial summit in Beijing, frustration is mounting in Brussels that China is not taking EU concerns on trade and geopolitics seriously.
Trade tensions are threatening to bubble over, as the bloc considers action against Chinese subsidies of electric vehicles, wind turbines, medical technology and solar equipment.
European Union leaders rail against overcapacity in the Chinese economy which they fear will be exported to Europe, while rumours swirl around the use of the new foreign subsidies regulation to stymie Chinese battery giant CATL’s massive investments in Hungary. And serious concerns persist about China’s close ties to Russia.
EU trade official rumbling about some stuff. He should direct his anger at the US instead:
“Trust is not built with actions such as blocking all trade with Lithuania. Trust is not built by broadly formulated export controls on key materials that are essential for the green transition, that are formulated in a very broad manner with very non-clear security justifications.”
EU trade Was would be quite funny IMO. It would be the final nail in the coffin for them
