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Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

author:Cosmos Beacon Line

The White House announced on May 14 that it would escalate its trade war with China, and from the information released by the United States, the United States has imposed tariffs on a number of Chinese goods, including electric vehicles and solar modules, the most prominent of which is the 100% tariff on electric vehicles. Regarding US President Joe Biden's escalation of the trade war against China, former US President Trump was "falling into the ground" and publicly declared that the US imposed tariffs on Chinese goods "long overdue". Regarding Trump's remarks, the global Beacon line analysis believes that in fact, Trump suffered a loss, because the tariffs on Chinese electric vehicles were originally proposed by Trump, but now they are preempted by Biden.

Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

For Biden's escalation of the trade war with China, Germany has publicly warned the European Union, according to foreign media reports, Germany has great resistance to the United States to impose tariffs on Chinese electric vehicles, this is because the United States has set a very bad example for the European Union, which is a huge crisis for Germany. The automobile industry is very important for Germany, Germany is a traditional manufacturing country, including the manufacture and export of automobiles, Germany attaches great importance to the Chinese market, once the European Union closely follows the United States, but also imposes 100% tariffs on Chinese electric vehicles, China is bound to have countermeasures, so it is fatal for Germany.

Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

Germany's automobile manufacturing industry has not many advantages compared with China, and if the EU follows the example of the United States and launches a trade war against China, Germany's manufacturing industry will fall to the bottom. If the EU takes the initiative to launch a trade war, Germany's economy will fall into a new crisis, and related products made in Germany will completely lose their competitiveness in the Chinese market. Germany is very aware of the importance of the automobile industry, for which has publicly warned the European Union, German Chancellor Olaf Scholz publicly said that the North American and European markets are different, and many of the electric vehicles imported from Europe are produced by Western manufacturers in China, so the serious consequences of using the "tariff stick" must be taken into account.

Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

German Chancellor Olaf Scholz publicly stated during his meeting with Swedish Prime Minister Kristersson that the two sides have reached a consensus on the United States escalating the trade war, and both believe that the United States' policy on China's electric vehicles is directly undermining global trade, so it warns the European Union not to follow the wrong policy of the United States. In fact, German Chancellor Olaf Scholz's intention is very obvious, not allowing the EU to follow the US trade policy, for this reason there has been a public statement, Germany is the "leader" of the EU, obviously Germany will not allow the EU to go down the wrong road. Today, Germany is already facing many crises, so Germany is trying to make a breakthrough in the economic field, while the United States is constantly creating obstacles, so Germany is very passive.

Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

U.S. Secretary of State Antony Blinken visited Kyiv on May 14, during which he also sang in a bar in Kyiv, thus supporting Ukraine to continue to fight with Russia. Judging from the actions of the United States, there is still a long time before the conflict in Ukraine is over, the United States does not give up, the authorities in Kiev, Ukraine will not stop fighting, and at the same time, the EU will continue to support Ukraine, which will make the situation worse within the EU.

Biden escalates the trade war with China, and Trump falls into the ground! Germany warns the EU: do not follow suit

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