The article strongly argues against Europe deepening its relationship with China in response to Trump's tariffs. It highlights the significant economic risks of such a move, pointing to past experiences of dependence on China (during the pandemic) and Russia (regarding gas). A closer relationship with China would mean abandoning the EU's 'de-risking' strategy, potentially leading to a greater dependence on China for crucial resources like minerals for the energy transition.
The author points out that while some European countries see potential benefits in a closer relationship with China, this is not supported by evidence. China's trade surplus with Europe has been substantial for years, meaning that increased market access for European exports to China is not guaranteed. Furthermore, European businesses are finding the Chinese market increasingly difficult to operate within due to changing regulations and decreasing competitiveness.
The article also challenges the idea that increased Chinese investment in Europe would bring significant benefits. It notes that Chinese investment outside its borders is primarily driven by the need to bypass tariffs and address overcapacity, rather than a genuine desire for greater efficiency in other locations.
In conclusion, the article firmly advises against Europe embracing China in response to US trade policies. The author emphasizes the significant risks of such a move, along with the limited potential benefits, making it a strategically unsound approach.