Our View

Escalated US – China trade war: What does it imply to Europe?

May 13, 2019
19 2,614 2 minutes read

Last Friday, the Trump administration announced to impose more tariff on Chinese import goods, technically rising from 10% to 25% more. It seems that the trade war has not receded but risen more intense. Moreover, the tariff used to be targeted at Chinese agricultural produce but now has widened to manufacturing materials, industrial chemicals, electronics and technology products. (Detail list may be found on USTR)

(photo credit to: connectorsupplier.com)

US – China trade talks fell

The trade war talks apparently have not achieved to a mutual compromise. The US seemed firm to exert a punitive action pushing China to act on bilateral principles. China is willing to reach a deal but not conceded to core interest. The key dissolvement of US – China trade relation is the technology development. The US claimed that China deprived away the intellectual rights from those American firms in China. China blamed the US for detaining Huawei’s CEO from Canada. Not agreeing to the deal is China’s response to the US progressive action and imposing more tariff is the US’ punitive move. Both countries are not only the major economic bodies but also technology power. This is not just the trade war for the US and China but also an extended war affecting other countries.

 

Impact on Europe

The US – China trade war has affected Europe stock market, which has fallen to the lowest point since March. Particularly car makers, Peugeot, Volkswagen are those which fell the most. This is due to the fall of US – China talks. Investors should be braced for further recession as China’s counter action may produce more loss. In China, agricultural produces are dropping its price; for example, soybean has fallen to the lowest in the last ten years and it is due to the constant dissolvement of US – China trade talks. However, the EU should start equipping itself for the future. The US – China trade war seems to imply that multilateral trade talks are diminishing. The EU therefore should act as one unity to protect its economy.

 

Europe should act?

It is possible to envision a trade shift from Chin – US to China – EU as both trade relations used to be overlapping in manufacturing materials, industrial chemicals and technology electronics particularly the automobile sector may be benefiting. However, economy and politics are always meddled with each other. If the EU acts on standing side, the trade relation will be either deteriorating or prospering. Moreover, China has been investing a lot in the Belt Road Initiative and some EU member countries have signed agreement with China. The economic zone of Euro – Asia is establishing. Breaking the economic ties will certainly destroy the economic growth but also the political trust. The EU should act on a smart policy avoiding economic loss and political risk, take its part in facilitating US – China trade talks but carefully protect European market.

 

Other stakeholders might benefit?

As the tariff increased, the first comes into effect is those manufacturers in China. Long depending on the low cost labour will be capped by the tariff, these manufacturers may change to other Asian countries; especially South East Asia may come to the first choice. The EU should take this envision into preparation for reducing its loss in trade war. The EU – Asia relations is looking to establish a further greater regional development. How the EU act will generate perceptions on other countries. How ASEAN or other countries act will also produce understandings for the EU. Within EU and ASEAN, multilateral talk is the basis for member states to perform and interact. That the US – China trade talks may imply a downturn for multilateral talks; however, the EU and ASEAN should equip themselves up for not breaking such basis as principles.

 

Our View

ICRD concerns about the global affair, world economy and holds that the EU should act smartly not to generate further loss. The escalated US – China trade war should not defeat the Europe’s spirit of multilateral cooperation and confidence in greater regional development. The EU should unite together and prepare for benefiting its members as well as avoiding risks and loss.

 

 

Author: Yung Lin, Researcher at ICRD

Tags
Show More

Related Articles

July 10, 2019
7,949

Nuclear Diplomacy – US and North Korea Relations

June 25, 2019
4,678

Should Internet Be A Basic Human Right? – Internet Block in Ethiopia

June 8, 2019
3,855

Sudan Crisis: Protest Put down, Peace Talks Broke down, Pro-democracy Unknown

June 5, 2019
2,645

Horn of Africa – Human Right Corner: Eritrea

19 Comments

  2. Yo, 69betwin! Just wanted to say this site is legit. Easy to navigate, and the games are actually pretty sweet. Had a decent winning streak last week. Check it out for yourself: 69betwin

  5. Sind Freispiele ohne Einzahlung oder Echtgeld Boni
    ohne Einzahlung häufiger? Insgesamt kannst du hier bis zu 100€ gewinnen. Waltenberg hat Tausende
    von Online-Casinos, Spielautomaten und Casinospielen überprüft
    und verfügt über fundierte Kenntnisse zu Boni und Spielautomaten. Egal ob Du einen Echtgeld Bonus ohne Einzahlung oder
    Freispiele ohne Einzahlung zur Verfügung gestellt
    bekommst, es kommt am Ende immer auf die Bonusbedingungen an. Echtgeld Bonus oder Freispiele ohne
    Einzahlung – was ist besser? Von wenigen Ausnahmen abgesehen, ist der Hausvorteil bei Online
    Roulette Tischspielen meist sehr gering, und
    daher gibt es diesen Bonus im Live-Casino nicht.

    Ihr könnt dieses Gratis-Guthaben auf bestimmte Casinospiele oder Wetten verwenden und so den Bonus ohne
    Risiko testen. Ein Online Casino Bonus ohne Einzahlung (auch No Deposit
    Bonus) wird sofort nach der Registrierung gutgeschrieben, ohne dass eine Echtgeld-Einzahlung erforderlich ist.
    Du weißt also vorab, was dich erwartet und worauf du achten solltest, um deinen Online
    Casino Bonus ohne Einzahlung in Echtgeld zu verwandeln.
    Wichtig ist es, die Bonusbedingungen für das erhaltene Guthaben zu
    beachten, die die Bonus-Verwendung und die Gewinnauszahlung regeln.

    References:
    https://online-spielhallen.de/quickwin-casino-mobile-app-dein-umfassender-guide/

  6. Um Ihnen zu helfen, die Kontrolle über Ihr Spielerlebnis zu behalten, bieten wir eine Vielzahl hilfreicher Ressourcen und
    Strategien. Außerdem haben die Spielautomaten eine vereinfachte Oberfläche, die das Spielen auf Touchscreens manchmal noch komfortabler macht als auf einem Computer.
    Conticazino ist nicht nur ein Online-Casino, sondern auch ein Sportwettenanbieter.
    Mit einer Lizenz können die Spieler sicher sein, dass der Spielprozess
    fair abläuft und dass ihre persönlichen und finanziellen Daten sicher geschützt sind.
    Mit einer Einzahlung auf ein Conticazino-Konto können die Spieler Spielautomaten und Live-Spiele genießen, Geld gewinnen und Gewinne abheben. Um diese 50 Freispiele zu erhalten, geben Sie den Aktionscode
    50CONTI im Bereich Boni ein.
    Mit einer Vielzahl von spannenden Aktionen möchten Sie jeden Tag spielen.
    Conti Casino hat sichergestellt, dass seine Plattform vollständig für die mobile
    Nutzung optimiert ist, sodass die Spieler überall ein reibungsloses und angenehmes
    Erlebnis genießen können. Um Ihre erste Einzahlung zu
    tätigen und Ihren Willkommensbonus im Conti Casino zu aktivieren, beginnen Sie damit, eine Zahlungsmethode aus den verfügbaren Optionen auszuwählen. Unsere Seite
    ist mobilfreundlich, sodass Sie überall und jederzeit spielen können. Um
    eine Einzahlung im Conti Casino zu tätigen, können Sie diese einfachen Schritte befolgen. Lade jetzt unsere Сonti Casino-App herunter und sichere dir noch heute
    deinen Willkommensbonus!

    References:
    https://online-spielhallen.de/malina-casino-login-ihr-tor-zu-einer-welt-voller-unterhaltung/

  7. An manchen Tagen möchten Sie einfach gedankenlos ein paar Walzen drehen und diesem Ansturm nachjagen,
    wenn sich die Symbole aufstellen. Auszahlungen sind nach erfolgreicher
    Verifizierung einfach zu beantragen. Über einen Zet Casino no deposit bonus
    informiert der Newsletter stets zuerst. Aktuell werden regelmäßig Aktionscodes und Freispiele angeboten.
    Ja, es umfasst fünf Stufen, bietet steigenden Cashback sowie
    höhere Auszahlungslimits für Gewinne. Die Mindesteinzahlung im Casino beträgt 10 Euro, während das maximale Limit von der gewählten Zahlungsmethode abhängt.
    Darüber hinaus bietet die Website die Möglichkeit, Kryptowährungstoken direkt zu kaufen. Kartenspiele befinden sich ebenfalls im Bereich „Tischspiele“
    auf der Website des Online-Casinos. Verschiedene Roulette-Varianten finden Sie in der Kategorie „Tischspiele“, ein separater
    Abschnitt auf der Website ist nicht vorgesehen. Das Online-Casino bietet eine Vielzahl von Vorteilen, die es
    bei Spielern aus Deutschland so beliebt machen.
    Sichere dir 200 % Bonus bis zu 500 €, 200 Freispiele
    & 1 Bonus Crab – nur bei ZetCasino! Anschließend warten wöchentliche Reloads,
    Cashback, Freispiele, Turniere und tägliche Überraschungen über die Bonus-Crab.
    Ganz gleich, ob du Automatenspiele liebst, gerne im Live Casino spielst oder Sportwetten bevorzugst – hier findest du
    alles an einem Ort. Der ZetCasino-Login und die Navigation sind einfach
    gehalten, Ladezeiten sind kurz, und Spiele starten zuverlässig.

    References:
    https://online-spielhallen.de/merkur-casino-2025-spiele-bonus-auszahlung/

  9. With our list of top casino websites, you can deposit
    with a huge range of banking methods and earn free
    bonus cash when you do. We make sure we recommend only the best places to play, with a huge range
    of pokies, good security, and 24/7 customer support with toll-free phone
    numbers for Aussies. The Crown Entertainment Complex contains a top hotel, as well as a casino that features over 2,000 pokies, 500 table games, and virtually every game in between.
    Beyond gaming, Crown Melbourne includes the renowned Crown Towers hotel, luxury spa facilities, fine dining with celebrity chefs, and world-class shows.

    Whether you’re here to play, relax, or indulge, Crown Melbourne
    offers an unmatched experience in the heart of the city.
    This iconic property combines world-class casino gaming, five-star accommodation, award-winning restaurants,
    vibrant nightlife, and exclusive shopping. Casino gambling is legal
    in Victoria, as long as the casinos are registered outside of Australia.

    References:
    https://blackcoin.co/sol-casino-in-depth-review/

  10. The above example highlights how H3 can be leveraged for spatial analysis in urban mobility.

    To visualize the spatial distribution of pickups, we overlay the H3 hexagons onto a Folium
    map. And we should keep in mind that higher resolutions yield
    smaller steps so the grid distance would be larger. Grid distance measures the minimum number of steps required to traverse from one H3 cell to
    another, moving through adjacent cells. This is critical for spatial operations like aggregating data within geographic boundaries.
    This guide explores H3’s core concepts, installation, functionality, use cases,
    and best practices to help developers and data scientists
    leverage its full potential.
    Find out about the ideal feature set for efficient
    Remote Support and remotely solve any IT problem. Thanks
    to AnyDesk’s low latency, teamwork is now easier and faster than ever.
    Keep your session private by blackening the screen of your remote device.

    Discover AnyDesk’s countless security features that fit to your personal security requirements.
    AnyDesk’s features aren’t set in stone.
    Access your remote device via password without having to accept the remote session manually.

    Print your files and documents from a remote device to a
    local printer, from any location. Turn devices on from sleep mode while connecting to
    them remotely. AnyDesk ensures secure and reliable
    remote desktop connections for IT professionals, remote workers, and on-the-go individuals alike.
    AnyDesk allows you to establish remote desktop connections between devices and opens up unprecedented possibilities of collaborating online and administrating your IT network.

    References:
    https://blackcoin.co/luck-nation-casino-real-money-pokies-australia/

  11. Learn how setting a limit can add to a better gambling experience.
    Crown Sydney reserves the right to refuse an application for Casino Membership or access
    of any person to the Crown Sydney Casino at
    any time for any reason. Crown Sydney Casino membership is subject to the Casino Membership Policy.

    Crown Sydney offers Electronic Table Games (ETGs) like Roulette and Blackjack.
    Sadly, I couldn’t find slot machines at the gaming hall.
    I found a total of 160 tables and 66 electronic tables in the Crystal Room,
    plus 30 private salons on the Mahogany floor. The staff are also helpful and readily available to guide players to accessible areas.

    References:
    https://blackcoin.co/reasons-that-make-online-casinos-all-the-more-interesting/

  12. You can also connect your crypto wallet via MetaMask to
    start your journey. Whether it’s digital art, music, videos, or even domain names, Mintable lets you create and trade NFTs with ease.
    The platform also collaborates with global artists, bringing exclusive NFT art drops that rival those of Nifty Gateway.

    With just a 1% platform fee, it’s far cheaper
    than most NFT platforms. From smart contracts to seamless buying and selling, it’s a versatile NFT platform for the modern collector.

    Users can explore new collections and artists, as well
    as buy and sell NFTs, including art, music, videos, games, and other digital assets.
    If you’re shopping around for an NFT marketplace, look
    for platforms that provide generous incentives! Look for
    marketplaces with lower gas fees or “lazy minting.” This allows
    sellers to pay transaction fees only after someone else buys their NFTs.
    Comparing different NFT platforms is recommended, as each marketplace has its pricing structure.
    Optimizing user experience makes buying digital NFT assets more enjoyable
    and successful for everyone involved. Nobody wants a platform that overwhelms users,
    leading to slow processing speed or failure.

    References:
    https://blackcoin.co/just-casino-australia-your-premier-online-casino-destination/

  13. Yes, in every King Billy game, you will have access to the demo mode.
    King Billy Casino is a platform that provides users from Australia and many other
    countries with the best quality gambling entertainment.
    Do not gamble with funds you cannot afford to lose.Please play responsibly and seek help if
    gambling becomes a problem. Please play responsibly. King Billy
    Casino Australia rewards are consistent, generous, and available to both fiat and
    crypto users.
    King Billy Casino Australia delivers an immersive gaming journey
    designed to elevate the way you experience every title.
    Every King Billy Casino code is created to honor our loyal players who return weekly to win. Demo mode allows users
    to try pokies and table games without spending
    money. At King Billy Casino Australia, every Aussie who enjoys spinning slots
    and playing online safely is treated like royalty from the very first game.

    The casino employs advanced encryption to protect every login session, ensuring your gaming activities remain private and secure.
    For faster options, King Billy offers simplified registration through Google
    or Facebook accounts. Creating your King Billy Casino account involves a simple sequence that protects your
    information while getting you ready to play quickly. The heart of King Billy’s gaming collection is undoubtedly its extensive range of pokies.

    References:
    https://blackcoin.co/ripper-casino-bonus-codes-november-2025/

Leave a Reply

Your email address will not be published. Required fields are marked *

Close