Trade relations between the United States and the European Union (EU) are prey to an unprecedented escalation. The American president, Donald Trump, recently threatened to impose 200 % customs duties on EU flagship products: what to allow China to titrate the game?
A trade war with global repercussions
Tensions between the United States and the European Union are gaining new magnitude: Thursday, March 13, 2025, Donald Trump threatened to impose 200 % prices On European products such as wine and champagne. This threat comes in response to the EU's decision to apply taxes on American products – itself in response to American customs duties on steel and aluminum.
An endless economic war, caused by the protectionist measures initiated by Donald Trump, which could ultimately have harmful consequences for the 2 savings. These taxes are likely to increase costs for consumers and to disrupt global supply chains; What worry about Christine Lagarde, president of the European Central Bank.
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This situation is to be a “Alarm signal” For Europe, says Christine Lagarde. This trade war could “” significantly impact global growth and pricesespecially in the United States ”.
However, the ECB also sees it as an opportunity for Europe to strengthen its unit and increase its investments in key sectors such as defense and infrastructure.
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China, winner of this trade war?
In this context of increased tensions between the United States and the European Union, China could benefit from it. Kaja Kallas, head of the Union foreign policy, said: “” Who is by train laughing to the side or looking on the side, it's China »». According to her, China “Really benefits from the fact that the United States has launched a trade war with Europe »».
“We keep our heads cold and, of course, we are ready to act and defend our interests if necessary. »»
A trade war that led to a dropout of American actions and a risk of recession in the United States. Ultimately, this could bring up to a slowdown in global economic growth.
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Thus, faced with this complicated economic context and current tensions between the United States and the EU, China could benefit from a rebalancing trade in its favor.
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Source: Bloomberg
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After training in journalism, I worked for a few years in general press before discovering the world of personal finance and the scholarship. Fallen into cryptos since 2020, I am particularly interested in the decryption of news that influence the Cryptos markets. My goal? Always teach my readers more by providing the most precise and the most just possible information.
Justine Ferrari
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