Europe’s tricky trade threesome
Negotiating with two superpowers is hard
EUROPE IS NOW locked in intense trade negotiations with both the world’s superpowers. It faces a threat of 50% tariffs from America to be imposed on July 9th, though these have been thrown into chaos by a court ruling blocking them which the Trump administration is appealing against. At the same time, it is trying to reset its relationship with China, with a summit also due in July.
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This article appeared in the Europe section of the print edition under the headline “Here be dragons”
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