Europe lacks a coherent strategy toward China

Global trade remains unstable because of the war with Iran, the closing of the Strait of Hormuz, and continuing unpredictable threats from the White House. The uncertainty dominates many corporate board discussions. In the hope of creating some breathing space for Europe, the Turnberry deal—in which the United States limits tariffs on Europe to 15 percent in return for Europe eliminating tariffs on US agricultural and industrial goods, including cars—will enter into force in early June. But now Europe needs a coherent, updated strategy toward an ever more aggressive China. So far,…

Global trade remains unstable because of the war with Iran, the closing of the Strait of Hormuz, and continuing unpredictable threats from the White House. The uncertainty dominates many corporate board discussions. In the hope of creating some breathing space for Europe, the Turnberry deal—in which the United States limits tariffs on Europe to 15…

Global trade remains unstable because of the war with Iran, the closing of the Strait of Hormuz, and continuing unpredictable threats from the White House. The uncertainty dominates many corporate board discussions. In the hope of creating some breathing space for Europe, the Turnberry deal—in which the United States limits tariffs on Europe to 15 percent in return for Europe eliminating tariffs on US agricultural and industrial goods, including cars—will enter into force in early June. But now Europe needs a coherent, updated strategy toward…