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China's Trade Maneuvers Affect Global Dynamics
2025-06-19 04:40:09
Asia
China
Economy

China's Trade Maneuvers Affect Global Dynamics

The intensifying trade war between China and the US is reshaping global economic relationships. As China's exports to Germany surged by over 21% in May, the EU risks being sidelined in this conflict.

Ursula von der Leyen advocates for a unified stance against China, yet former President Trump favors a more unilateral approach. Meanwhile, China's control over rare earth elements and its expanding influence in Myanmar highlight its strategic ambitions.

The G7 nations are responding with plans to mitigate risks in critical supply chains, aiming for fair trade practices. Despite these tensions, China maintains that its trade ties with the US are balanced, urging a reconsideration of high tariffs.

As Beijing steps into a more prominent global role, concerns about its military advancements and regional assertiveness remain significant. This evolving landscape underscores the complexity of international trade and the delicate balance of power among major economies.

Related news on that topic:

Friedrich Merz's Optimism Amid Trade Tensions

Friedrich Merz, the Chancellor of Germany, anticipates a limited trade agreement with the United States by July 9. This deal, however, is expected to focus on select sectors, notably the automotive industry. The European Union is negotiating on behalf of its member states, aiming to persuade the US to reconsider its stance on proposed tariffs. Amidst this backdrop, US President Donald Trump has warned that without a satisfactory offer from the EU, higher tariffs may be imposed. Despite these tensions, Merz remains hopeful that a resolution can be reached, even if it only addresses a few major industries. Recently, the German government, under Merz, has also secured an agreement with regional leaders to provide temporary financial relief for tax shortfalls. Details of this relief remain unspecified, but it forms part of a broader investment program aimed at stimulating economic growth. Additionally, Economic Minister Katherina Reiche is visiting the US to engage with government officials and businesses regarding the ongoing tariff dispute. She will emphasize the significance of free trade for the prosperity of both economies. Should negotiations falter, the EU is prepared to impose counter-tariffs. The upcoming discussions are crucial as they could shape the economic landscape between the EU and the US.

German Industry Faces Challenges Amid China's Economic Rise

For decades, Germany's industry thrived alongside China's economic growth. However, recent trends indicate a shift in competitive dynamics. German exports have dipped by 1.7% to 1.65 trillion euros, in contrast to China's export growth of 7.1%. Experts like Philipp Böing and Jens Burchardt caution against China's industrial policy aimed at self-strengthening, or 'ziqiang'. Despite China's ambitions, its mounting debt presents a looming financial risk. The race to become a global technology leader is crucial for China's future, impacting industries worldwide. German firms face increased pressure from China's competitive pricing and expanding production capabilities. High energy costs in Germany further exacerbate these challenges. The broader geopolitical landscape, including trade tensions like those under former US President Donald Trump, also plays a significant role in shaping these economic shifts. As China continues to expand its global export reach, the German industry must navigate these complexities to maintain its competitive edge. The ongoing technological competition will be pivotal in determining the future dynamics between these two industrial powerhouses.

Read 1 more recent news on this topic

The press radar on this topic:

Frankfurter Rundschau
18. Juni 2025 um 17:11

China Strikes Back in Trade War with US - Also Hits Germany Hard

The trade war between China and the US is escalating. Ursula von der Leyen wants to act against China together with the US, but Trump prefers to act alone. The EU could be left behind in the process. China's exports to Germany increased by 21.5% in May compared to the same month last year, while imports from Germany decreased by 1.3%. China needs export momentum for its struggling economy, as things have not been going well at home for some time. Xi Jinping is further expanding China's dominance..
EuroNews
18. Juni 2025 um 16:56

China reacts strongly to Ursula von der Leyen's G7 remarks on China's trade practices

Ursula von der Leyen criticizes China's dominance at G7 summit. Von der Leyen accuses Beijing of using rare earth elements to suppress competition and limit market access. Donald Trump weighs in, calling the trade dispute a serious issue that requires cooperation. European Commission President von der Leyen calls for fair trade practices and market access, while Chinese President Xi Jinping seeks to ease tensions. The G7 summit concludes with a joint statement emphasizing the importance of free..
zdf
18. Juni 2025 um 19:01

Export Boom: China Surpasses

China is flooding Europe with its goods. This particularly affects Germany. According to economists, China is not always playing fair. Which industries are particularly vulnerable.
Diplomacy - South China Morning Post
19. Juni 2025 um 03:56

China urges US to ‘look at the whole picture’ on tariffs to see true trade ties

Chinese Ambassador Xie Feng spoke at the US-China Business Council, calling the trade relationship 'generally balanced' and criticizing unreasonably high tariffs. He warned that export controls and restrictions on Chinese firms persist, hindering the reduction of the US goods deficit. The comments come as a recent agreement aims to ease trade tensions between the two nations.
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