All articles tagged with #china eu relations
China is set to hold a high-level summit with the EU in Beijing to mark 50 years of diplomatic ties, amid ongoing trade disputes and global trade uncertainties, with leaders including Xi Jinping, Ursula von der Leyen, and Antonio Costa participating to strengthen economic and political relations.
President Donald Trump unexpectedly announced 30% tariffs on imports from the EU and Mexico over the weekend, causing market jitters and diplomatic tensions, while EU and China relations remain strained amid mutual import restrictions and criticism.
China and the US have confirmed a trade framework agreement, with the US agreeing to lift restrictions and China to review export applications, signaling a potential easing of trade tensions. The deal follows earlier talks and aims to ensure supply of critical rare earth elements, while China prepares for diplomatic visits to Europe. Shares in global markets rose on signs of improved US-China relations.
Despite the cancellation of EU foreign policy chief Josep Borrell's scheduled trip to China, high-level exchanges between China and the EU continue in areas such as climate change. The EU's multifaceted policy toward China, which includes viewing China as a partner, competitor, and systemic rival, could lead to challenges and fluctuations in the relationship. The EU seeks to reduce risks associated with its economic ties to China, but experts argue that reducing dependency on China may be unrealistic given the complementary nature of their economic relationship. The cancellation of Borrell's trip may be a symbolic gesture in response to the EU's widened export control targeting chipset technologies. The EU's approach of managing confrontation and competition while seeking cooperation is seen as unacceptable by China. Despite overall stability, the EU's policy toward China may be affected by temporary factors and internal divisions within the EU. High-level engagements between China and the EU are planned, but divergences on issues such as the Russia-Ukraine conflict, market access, and human rights persist.