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Neither of them are acting like good partners right now, thus the trade disputes. Smart money has to be on the US getting a less crazy leader sooner than China
by SpicyLemonZest 1y ago
Neither of them are acting like good partners right now, thus the trade disputes. Smart money has to be on the US getting a less crazy leader sooner than China stops pursuing its long-standing mercantilist ideas.
Maybe I'm not understanding what you mean by a broad trade deal? As of 2023, a large majority of imports from the US and close to a majority of imports from China were tariff-free. (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_goods_-_tariffs https://ec.europa.eu/eurostat/statistics-explained/index.php...) The remainder are on goods that the EU doesn't want entirely free trade in for some reason or another. I could definitely imagine a scenario where China follows in Trump's footsteps and bullies the EU into pushing their tariff-free percentage higher, but I wouldn't call that broad and wouldn't expect it to produce radical shifts in the import-export activity of EU businesses.