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Europe, Asia disagree with U.S. in trade policy towards China: Washington Post

Xinhua   2023-06-14 15:25:53


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NEWYORK,June13(Xinhua)PoliticiansinEuropeanandAsiancountrieswerefarmoreworriedabouttheU.S.policytowardChinaandmoregenerallyaboutPresidentJoeBiden"snewinternationaleconomicpolicies,asoutlinedrecentlybyNationalSecurityAdviserJakeSullivan,reportedTheWashingtonPostonFriday.

"Europeneedsanindustrialpolicy,butitcannotaffordtomimictheBidenadministration"sprotectionism,"formerBritishPrimeMinisterGordonBrownwasquotedastellingtheauthorofthearticle."ForEurope,tradeisvital;itsprosperityisdependentontradewiththerestoftheworld,includingChina,inawaythatAmerica"sisnot."

WhileacknowledgingthattheBidenadministrationhasmademovestoexpandtradeties,heexpressedconcernthatallthemovesarebilateralorregionaleffortsthatmightundercutglobaltrade.Theycome,hesaid,"attheexpenseofanyrealdiscussionofwhatamodernmultilateralistorderwouldlooklike."

"De-risking"isthehottestbuzzwordindiplomacythesedays.EventheBidenadministrationnowsaysitalsowantstode-riskratherthandecouple.ButmanyEuropeanofficialstheauthorspokewithsaidtheyworrythatthisisjustarhetoricalchangeandthatU.S.policies--andChineseresponses--willkeepmovingtheratchetup,accordingtothereport.

KishoreMahbubani,theformerSingaporeandiplomatandauthorof"TheAsian21stCentury,"pointedoutthatdiscussionsintheWestoftenforgetthattheworld"sgrowthismostlycomingfromAsia.ThelargesttraderelationshipintheworldisbetweenChinaandASEAN--almost1trillionU.S.dollars.AndASEANcountriescannotgrowwithoutopenandvibranttrade,especiallywithChina,saidthereport.

"ItisworthrememberingChina"sformidablestrengthsandthedegreetowhichitisintertwinedintotheglobaleconomy,"itnoted."Tenyearsago,Chinaexportedarelativelysmallnumberofcars.Today,itistheworld"sleadingexporterofautomobiles,handilyoustingJapanfromthatposition.Itisespeciallystronginelectricvehicles.TwoofeverythreeEVsmadeintheworldaremadeinChina."

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