Reported about 1 year ago
The guest commentators of Der Tagesspiegel wrote an article titled 'No Trade War Between China and Europe for Now,' discussing the short-term, medium-term, and long-term consequences of special tariffs. While there may be threats from China and retaliatory tariffs in the short term, the article suggests that a full-blown trade war is unlikely, as the EU's special tariffs are much lower than those of the US. The article also highlights that both Europe and China will avoid escalating tensions in the coming weeks and months, taking into account global geopolitical factors such as the US election, Russia-Ukraine conflict, and tensions in the Taiwan Strait.
Source: YAHOO