4 ms·

EU has its own issues such as Brexit, lack of fiscal union, Greece, Italy debt, unemployment, slow growth, no immigration policy, no common foreign policy etc.

EU has its own issues such as Brexit, lack of fiscal union, Greece, Italy debt, unemployment, slow growth, no immigration policy, no common foreign policy etc. When you talk about EU you really talk about 27 member states not some kind of United States of Europe. The EU it's not really in the mood of taking short term hits unless is threatened(i.e with tariffs). Not to mention that it supports Trump stance on China as it suffers the same unfair treatment(i.e IP theft, closed markets, dumping etc). If US gets a good deal I'm pretty sure EU will ask and get a very similar one.

NicoJuicy 7y ago
There is also the internal market and that China is threatening it's diplomacy with some eastern countries bribery.
fspeech 7y ago
Europe already benefits from lowered tariff and relaxed ownership rules that China made so far. The only thing that China seemed to be willing to entertain further is large purchase of US products, which means less purchase from everyone else. So Europe and other US allies like Canada and Australia should actually fear a US/China deal. There is a reason why this negotiation is bilateral -- in a multilateral setting you can not demand China to just buy US.
- thefounder 7y ago
  I really doubt that the US can say it got the deal of the century if China buys large quantities american beef or soybean. What everyone wants is open markets. No dumping sponsored by chinese government, enforcement of IP protection laws and many other things would ideally be part of the deal but I believe the market access is the primary issue and a deal could be stroke with that alone. The demand to make large purchase was to stop further tariffs and I'm not surprised China didn't fell for it.
C1sc0cat 7y ago
It was using the Euro that really Hurt Greece and other poorer eu members
- thefounder 7y ago
  The same could be said that US dollar hurts the poorer US states. Truth is that you need fiscal union if you use a common currency otherwise you can't make everybody happy.

NicoJuicy 7y ago

There is also the internal market and that China is threatening it's diplomacy with some eastern countries bribery.

fspeech 7y ago

Europe already benefits from lowered tariff and relaxed ownership rules that China made so far. The only thing that China seemed to be willing to entertain further is large purchase of US products, which means less purchase from everyone else. So Europe and other US allies like Canada and Australia should actually fear a US/China deal. There is a reason why this negotiation is bilateral -- in a multilateral setting you can not demand China to just buy US.

thefounder 7y ago
I really doubt that the US can say it got the deal of the century if China buys large quantities american beef or soybean. What everyone wants is open markets. No dumping sponsored by chinese government, enforcement of IP protection laws and many other things would ideally be part of the deal but I believe the market access is the primary issue and a deal could be stroke with that alone. The demand to make large purchase was to stop further tariffs and I'm not surprised China didn't fell for it.

C1sc0cat 7y ago

It was using the Euro that really Hurt Greece and other poorer eu members

thefounder 7y ago
The same could be said that US dollar hurts the poorer US states. Truth is that you need fiscal union if you use a common currency otherwise you can't make everybody happy.