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GT Voice: Hype over China-EU confrontation adds complexity to trade relations
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GT Voice: Hype over China-EU confrontation adds complexity to trade relations

GT Voice: Hype over China-EU confrontation adds complexity to trade relations

Illustration: Chen Xia/GT

At a time when trade relations between China and the EU face challenges, the latest remarks from the EU trade chief-in-waiting apparently add uncertainty and complexity to the future of economic relations and trade between China and the EU. Politicians who recklessly escalate tensions and push China-EU relations to the brink must recognize that the foundation of cooperation between the two regions is rooted in mutual interests. Disrupting this balance will only lead to even greater losses for both parties.

During a three-hour confirmation hearing by members of the European Parliament on Monday, Maros Sefcovic, who is due to take office as the bloc’s commissioner for trade and economic security, described China as the “most important trading partner difficult” of the block and he is committed to solving it. tackle with all our might the overcapacity of Chinese exports to the mainland, the South China Morning Post reported on Tuesday.

While Sefcovic claimed to be not interested in further confrontations or trade wars with China, his harsh rhetoric clearly appears aimed at escalating trade conflicts with China. “We will fight with all our strength against the overcapacity created by China and which threatens our industry in Europe,” he declared.

His remarks could serve as a microcosm of a disturbing trend in the EU’s approach to trade relations with China, suggesting a desire among some European politicians to escalate tensions rather than seek dialogue and constructive solutions. Such a confrontational attitude risks deepening divisions rather than fostering cooperation. This ignores the long-standing trade cooperation and interdependence that characterizes China-EU relations, which is both dangerous and short-sighted for the future of economic and trade between the two economies.

The “blame China” rhetoric employed by some politicians may be an attempt to demonstrate their commitment to safeguarding the future of European industries; however, this ultimately reflects a short-sighted and irresponsible attitude towards the economic interests of the EU as a whole. A truly responsible approach would recognize the substantial benefits flowing from China-EU cooperation, as well as the potentially disastrous consequences of undermining such a vital partnership.

Industry players have expressed strong opposition to EU tariffs on Chinese electric vehicles, as they recognize that imposing anti-subsidy tariffs will not solve the internal economic challenges facing the EU; on the contrary, it risks exacerbating existing conflicts and hindering overall development.

Divisions and challenges are inevitable in business relationships, but the key lies in the ability of both parties to seek reasonable solutions through constructive dialogue and negotiations, rather than allowing differences to escalate into confrontation. China has always adopted a restrained and rational approach to trade issues, giving priority to resolving disputes through negotiation and consultation. This approach does not imply that China does not have the necessary measures to respond to unfair treatment; rather, it reflects a deep understanding that dialogue and cooperation are the most effective paths to resolving conflicts.

If the EU intends to crack down “with all its might” on Chinese imports, it is advised to first examine potential measures that China could employ, as well as the wider implications that such actions could have on the EU’s own economic interests.

It is hoped that the EU can take a comprehensive view of the trade landscape and restrict erroneous speeches and actions that could jeopardize the balance of China-EU relations. There is no winner in a trade war, which will only lead to greater losses for both sides.

The EU must also address the question of how to manage a developing China, which requires a strategy rooted in cooperation and dialogue rather than confrontation. China plays a central role as a force for global peace and development. The EU must try to adapt and accept this reality, rather than adopting a confrontational attitude towards China’s progress. It is crucial that the EU reassesses its trade policy towards China, seeking more rational approaches that promote mutual benefit and understanding.