The EU has said it wants to de-risk relations with Beijing, but could the bloc face more pressure to toughen its stance if Republican candidate Donald Trump wins next week?
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00:00The EU and U.S. agree on one thing, to ensure that China does not dominate the market for
00:12new technologies and green energy.
00:15However, their approaches differ.
00:19Washington favors decoupling, while Brussels prefers de-risking.
00:25Could the U.S. presidential election change the game?
00:55Neck and neck, Democrats and Republicans will continue the technological battle of
01:11the world's two leading economies for control over production chains and markets.
01:16Only their methods differ.
01:51On the contrary, Washington sees Beijing as a competitor to its declining hegemony.
01:56So while the U.S. has sought to decouple from China, the European Union does not want to
02:00cut off its links with the Asian giant because their supply chains are too intertwined.
02:08The 27 have, however, hardened their tone.
02:11They plan to introduce a surtax on electric vehicles from China and have launched an investigation
02:16into Chinese subsidies for solar panel manufacturers.
02:22In case of an escalation of the U.S.-China relations, the tension between these two countries,
02:29the U.S. would definitely come down hard on Europe for decoupling, leaving the moderates
02:39a relatively more moderate de-risking strategy in favor of a very sharp decoupling from China,
02:47which I think Europe cannot afford.
02:52Faced with an unpredictable policy of Donald Trump towards Beijing, the EU and China are
02:57kept in the dark.
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