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Trump tariffs push major U.S. trade partners closer to China
Von der Leyen and Chinese Premier Li Qiang held “constructive” talks today that touch on a possible mechanism for trade diversion in the wake of sweeping levies announced by the world’s first economy.
“In response to the widespread disruption caused by the US tariffs, President von der Leyen stressed the responsibility of Europe and China, as two of world’s largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field,” according to an EU readout, which added that von der Leyen called for a “negotiated resolution to the current situation” that avoids escalation.
“The leaders discussed setting up a mechanism for tracking possible trade diversion and ensuring any developments are duly addressed,” the readout said.
Speculation has been mounting whether Trump’s protectionist agenda will push U.S. trade partners toward China in a bid to redress commercial relations.
https://www.cnbc.com/2025/04/08/trump-tariffs-live-updates-stock-market-china.html
Making China great again.
Von der Leyen and Chinese Premier Li Qiang held “constructive” talks today that touch on a possible mechanism for trade diversion in the wake of sweeping levies announced by the world’s first economy.
“In response to the widespread disruption caused by the US tariffs, President von der Leyen stressed the responsibility of Europe and China, as two of world’s largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field,” according to an EU readout, which added that von der Leyen called for a “negotiated resolution to the current situation” that avoids escalation.
“The leaders discussed setting up a mechanism for tracking possible trade diversion and ensuring any developments are duly addressed,” the readout said.
Speculation has been mounting whether Trump’s protectionist agenda will push U.S. trade partners toward China in a bid to redress commercial relations.
https://www.cnbc.com/2025/04/08/trump-tariffs-live-updates-stock-market-china.html
Making China great again.