Zna biznes w Chinach od podszewki. Doradzał im przez 30 lat. Ostrzega przed okrutną zemstą za cła: mają w zanadrzu "pocałunek śmierci" - Wiadomości

Key Concerns Regarding US-China Trade Dispute

Joerg Wuttke, a business advisor with extensive experience in China, highlights the significant financial losses incurred by China due to US tariffs, estimating a loss of approximately €500 billion annually. He warns that China's retaliation could cause far greater economic and political issues for the US, particularly impacting American consumers with increased prices on goods.

Warning to the European Union

Wuttke cautions the EU against its growing proximity to China, emphasizing that China remains a competitor and systemic rival, while the US is an irreplaceable partner for Europe. He points out the significant difference in investment bases between the US and China in the context of EU relations.

China's Potential Retaliation

Wuttke suggests China may retaliate by resuming the flow of fentanyl. He notes that while deaths from fentanyl overdoses in the US decreased in 2024, they were still over 100,000 in 2023. The potential resurgence of fentanyl is described as a "kiss of death" by Wuttke.

• China's losses due to US tariffs are substantial.
• Retaliation from China could severely impact the US economy and consumers.
• The EU is cautioned against overly close ties with China.
• The potential for increased fentanyl trafficking is a significant concern.