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  HOME | Business & Economy (Click here for more)

EU Urges US to Consider Collateral Damage of Trade War with China

SHANGHAI – The United States should consider the potential collateral damage that Europe would suffer from a trade war between China and the US, the European Union Commissioner for Agriculture and Rural Development said on Wednesday.

Phil Hogan, who is in Shanghai as part of a visit by European companies and officials, met the US Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs, Ted McKinney, who is also visiting China.

“We have, of course, expressed our concerns at the escalation of the United States’ and Chinese difficulties in relation to trade,” as the European Union will suffer some “collateral damage in trade areas arising from this dispute,” the official said at a press conference after the meeting.

Washington should treat “the European Union as an ally, rather than (...) an entity with hostility, in relation to trade matters,” he added.

China’s vice-premier, Liu He, is due to reopen negotiations in Washington with US Treasury Secretary Steven Mnuchin to prevent a trade war from breaking out, although China warned recently that its position had not changed.

In a recent telephone conversation with his US counterpart, Donald Trump, Chinese President Xi Jinping proposed talks to find a solution to the escalation of tension after the announcement of heavy tariffs on imports from both countries.

 

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