Trump says EU is 'nastier' than China regarding trade
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Brussel's envoy to Beijing said that "the situation is not improving" during candid remarks on trade ties Friday.
The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the U.S. market, European Economic Commissioner Valdis Dombrovskis said.
China and the U.S. agreed to end their recent tariff battle temporarily and restart stalled trade between the two countries.
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.
In what Donald Trump described as 'a total reset' in relations with Beijing, the US will cut extra import duties on Chinese goods from 145% to 30%.
A European Commission spokesperson said on Wednesday that China continues to be the key enabler of Russia's war in Ukraine and that without China's support, Russia would not be able to wage the war to the same extent.
European Union privacy watchdogs have fined TikTok 530 million euros ($600 million). They say a four-year investigation found that the video sharing app’s data transfers to China breached strict data privacy rules.