‘Donald Is Right’: EU Chief Agrees With Trump on China Trade Concerns

Contact Your Elected Officials

Ursula von der Leyen said that China is distorting trade with ’massive subsidies’ to ‘dominate global manufacturing and supply chains.’

European Commission President Ursula von der Leyen has said that U.S. President Donald Trump is right about broken trade rules and warned that China’s behavior has distorted world markets.

During a June 16 session on the global economy at the G7 summit in Kananaskis, Canada, von der Leyen said that Beijing is not willing “to live within the constraints of the rules-based international system.”

“Because we agree: The current global trading system is not working as it should. Guardrails are clearly missing. On this point, Donald is right, there is a serious problem,” von der Leyen said. “But we strongly feel that the biggest challenges are not the trade between G7 partners.”

She said the source of the “biggest collective problem” has its origins in China’s accession to the World Trade Organization (WTO) in 2001.

“China still defines itself as a developing country,” she said. “This cannot be. … While other[s] opened their market, China focused [on] undercutting intellectual property protections, massive subsidies with the aim to dominate global manufacturing and supply chains. This is not market competition – it is distortion with intent. And it undermines our manufacturing sectors.”

Von der Leyen said that the G7 economies account for 45 percent of global GDP and more than 80 percent of intellectual property revenues.

“That is leverage, if we use it together,” she said.

The EU leader is hoping to negotiate with Trump on a 50 percent tariff on EU goods, which could kick in on July 9. Brussels already faces 25 percent levies on steel, aluminum, and cars, as well as reciprocal tariffs of 10 percent on almost all other goods. The 27-member state bloc also faces a deepening trade rift with China.

By Owen Evans

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Peace In Ukraine Won’t End The West’s Hybrid War On Russia

The West’s Hybrid War on Russia to follow peace in Ukraine is inevitable due to neoconservatives and liberal-globalists in its decision-making ecosystem.

Was Texas Storm Manmade?

Another “1-in-100 years” weather event in Kerr County happened next to a Texas designated “Weather Modification Map of Rain-Enhancement Projects in Texas”.

The America Party Will Harm Democrats The Most

Elon Musk formed the America Party after an X poll asking his followers if they wanted “independence from the two-party system!

Democrats Exhibit the Dunning-Kruger Effect (DKE)

“The Dunning-Kruger effect is a cognitive bias where people with low ability at a task overestimate their competence, while those with high ability underestimate their competence.

250 Countdown

Those 56 intrepid men who signed put their very lives, honor and fortunes on the line. There was no auto-quill to accommodate their signatures. 

Existing US Energy Generation Retirements Increase Blackout Risk by 100 Times in 2030: DOE

Planned retirement of more than 100 gigawatts of power generation capacity by end of the decade could increase risk of blackouts in the US by 100 times.

Los Angeles Mayor Confronts Federal Immigration Officers at MacArthur Park

After decrying federal immigration enforcement operations in Los Angeles, Mayor Karen Bass confronted ICE officers as they gathered at a city park.

Trial Begins Over Trump Admin’s Deportations of Pro-Palestinian Students

A trial over President Trump’s attempts to deport pro-Palestinian activists began on July 7 with attorneys debating free speech.

Man Killed After Opening Fire at Border Patrol Facility in Texas

27-year-old man armed with a rifle was killed after opening fire outside Border Patrol facility in McAllen, TX, prompting shootout with feds and local police.

Trump Extends Federal Hiring Freeze Until October

Trump issued memo extending federal hiring freeze until Oct. 15, maintaining exemptions for positions related to the armed forces and public safety.

US to Send More Defensive Weapons to Ukraine

The Pentagon is sending more defensive weapons to Ukraine amid the Eastern European country’s ongoing war with Russia.

Trump to Extend Tariff Deadline to Aug. 1, Keep Rates at 10 Percent During Talks

White House press secretary Karoline Leavitt told reporters that Trump will sign the order to move the deadline to Aug. 1 from its current date of July 9.

DOJ, FBI Find Epstein Committed Suicide, Had No ‘Client List’

Jeffrey Epstein committed suicide and had no “client list,” according to the Department of Justice (DOJ) and the FBI.
spot_img

Related Articles