Europe is Preparing to Counter the US! Imposing 93 Billion Euros in Retaliatory Tariffs, China Remains Calm and Observes Quietly!
In recent days, according to multiple sources, the EU is drafting a list of retaliatory tariffs on US goods worth up to 93 billion euros. This figure roughly corresponds to the economic losses the EU might suffer if the US implements new tariffs.
Last Sunday, representatives from the 27 member states held an emergency closed-door meeting to launch the response mechanism. And later this week, the European Council will also convene a leaders' summit specifically to discuss this matter. Such a pace is rare for the EU system, which is usually known for being "slow," indicating that the situation has escalated to a strategic level.
According to the information, Brussels is also evaluating other non-tariff measures, such as limiting US companies' investment approvals in Europe, tightening data flow rules, and even using the "Anti-Coercion Tools Act," a new legal weapon that came into effect in 2023, specifically designed to deal with "economic blackmail."
The trigger for this incident was that eight EU countries sent troops to support Denmark to prevent the US from seizing Greenland. As of now, Beijing has made almost no public comments on this issue. It neither expressed support for the EU nor took the opportunity to criticize the US. When the relationship between the US and Europe began to show cracks, China did not want to be drawn into any side's confrontation. Therefore, "keeping a cool head and observing quietly" became the most rational choice - neither inciting nor actively mediating, just watching the situation unfold. The more the two sides quarrel, the better.
Original: toutiao.com/article/1854800628512832/
Statement: This article represents the personal views of the author.