BRICS Expansion: China Seeks Strategic Alliance with EU to Mitigate US Economic Dominance
Amid growing tensions in global trade dynamics, China is actively pursuing stronger economic cooperation with the European Union as part of the BRICS coalition’s strategy to counterbalance perceived US hegemony. This geopolitical maneuver aims to create alternative financial ecosystems and reduce dependency on USD-denominated systems, potentially reshaping global crypto and traditional finance flows.
Source: Reuters
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China Looking to the EU as US Tensions Grow by the Day
There is no denying that the global economy is in an increasingly compromised state amid geopolitical tensions. The United States debuted its Liberation Day tariff plan. Although that original policy has been paused, it has instituted increasing import duties on China. Now, all signs are pointing to a trade war that could threaten both sides.
With battle lines being drawn, the search for allies has already commenced. Subsequently, along with its BRICS allies, China is looking to the EU to help combat the US economic policy, and what it calls ‘abuse.’ Indeed, reports come a day after Chinese officials called the country’s actions ‘extremely shameless’.
Source: Deutschland
Also Read: BRICS: US Dollar Keeps Falling as Trade War Fears Grow
According to a Reuters report, China is looking to strengthen its cooperation with the European Union. Specifically, it wants to increase dealings with the bloc as its US relations have gone sour. China’s ambassador to Spain, Yao Jing, recently discussed its growing efforts.
“We should put our focus on partnership. China will never be a threat or any kind of enemy to the EU,” Yao said. Moreover, they praised the bloc’s “multilateral approach to foreign affairs” and its opposition to US President Donald Trump’s policy.
The move could have massive implications for a brewing trade war. The EU and the US have been, to this point, unable to negotiate a new trade deal that would avoid the rising import duties. However, they have made more headway than the US and China. If the growing partnership between tariff-affected nations grows, the United States could continue decoupling itself from the world.