Both Trump and the EU use China for very similar reasons, but with different terms. The West is still struggling with what it needs from China, and whether it wants to get rich and become a major sponsor or become poorer and flood Western markets with cheaper and cheaper goods. Expect more renminbi devaluation.
The EU is “rebalancing these relations” with China. This was announced in an interview with Chatham House by the EU Ambassador to the United Kingdom, Joao Valais de Almeida. This is not about “isolation” or “conspiracy” with China, but about solving problems. We have different value systems in the field of human rights and other areas. ”
A rather remarkable statement, which could be made only from a relatively little-known EU official, if it were based on the solid support of the highest echelons of the EU in Brussels, which, in turn, would not go to such a militant politician if they did not have gilded support from France and Germany.
Thus, for several weeks, when the EU was caught red-handed by editing its own internal report, which China criticized for its role of COVID-19 – and media coverage – now we seem to be in the midst of an EU waking up collapsing our own economy and political disaster ensued, which could be the end of the EU as we know it.
The EU is starting to think about protectionism and is going to establish new relations with China, which, as we have to assume, means reducing Beijing’s attacks on its goods by raising tariffs.
In the U.S., analysts also say the U.S.-China deal is dead in water, mainly because of the crown that hit world oil prices, which hit the first phase of the Trump deal, in which China bought huge chunks of oil. and gas from the USA at higher prices. In fact, for much of this year, China’s energy needs have also plummeted due to the chaos and blockages associated with the crown. Trump got a head start by starting with a hand in Chinese agricultural commodities, which fluctuated in many states that supported Trump, but the US president in the “art of bargain” is not really good at making bargains. The essence of a trade transaction is its rigidity and stability. Trump barely lasted a week. Foreign policy, political international politics magazineLet’s say it well.
“Amid falling oil demand and prices caused by the pandemic, it’s now almost certain that China will not be able to achieve its energy procurement goals and expose the recklessness of Trump’s trading strategy,” the statement said. “Although Trump was right about the problematic trade practices of China, the administration’s approach made little sense in the face of the pandemic – and now makes even less sense.”
And many may argue that Trump’s determination to strike a deal with China that helped the blue-collar families return home was somehow related to re-election, according to John Bolton’s book, which shows that the US president has positioned the Chinese prime minister from the start. to help him (Trump) be re-elected. Trump believed that all he needed to achieve a second victory was a deal with China. Noteworthy.
The tightening of both rhetoric and action now from Trump, as the agreement falls apart, was inevitable. Almost like an annoying child, when it becomes clear that Beijing cannot fulfill its part of the deal, Trump goes into self-preservation mode to deflect blame. Barely in an instant, the American media announce the news sanctions against China in its registered concentration camps against Muslim groups that, according to Bolton, he secretly had supported all together with Xi, which, according to the former head of National Security, was “the right thing,” according to Trump.
After almost a few seconds, it seems that if China cannot serve Trump with his special needs, he should become the enemy and at least generate the necessary media traffic, which continues to receive Trump in the front pages. And this is what is being played out now. Beijing already sees the game and is ready to play this role.
“We again urge the US side to immediately correct their mistakes and stop using this Xinjiang law to harm China’s interests and interfere in China’s internal affairs,” the ministry said in a statement.
“Otherwise, China will decisively take countermeasures, and all the ensuing consequences should be borne entirely by the United States.”
It sounded like a pretty clear threat from China. It is noteworthy that Trump, despite the loss to business and the negative impact on American companies in China, is pleased to tighten relations with China. In fact, there is no limit to what he can do to be re-elected – even to make friends with the Taliban, if that is what is needed.
More notably, the EU seems to follow suit, explaining why they should be tougher with China. Its political survival after the next European election in 2024.
Due to the catastrophic impact on the EU economy, many member states – not only Italy and Spain, which have been particularly hard hit – will themselves have to make tough decisions that would anger angry voters about how to hold China accountable for the pandemic. The EU will be forced to follow this trend for its own survival, because for those member states where a political institution saves its seats, scapegoats will be required. The game on charges will make of the losers of the EU and its crazy ideas a superpower.
Some political elites will blame Brussels and achieve some success in this. And it’s as if EU leaders are already ahead of the game if one of his “ambassadors” in London can openly comment on the press, which speaks of a new relationship with China. Xi and his ministers will patiently wait for Trump to fall on his own sword in November, as the scandal escalates and pressure on the Republican Party reaches its limit. For the EU, however, there is a longer game with higher stakes. But can Brussels reach 2024?