Should the diplomatic initiative with China fail, the EU would probably have to introduce “safeguard measures,” which are special duties intended block to sudden diverted trade flows.

I think those are called "tariffs". It's an interesting situation, though.

[–] Eiren@lemmygrad.ml 7 points 2 months ago* (last edited 2 months ago)

Isn't this just doublespeak for "EU threatens to also put tariffs on China to make Trump happy"?

But I mean, if EU whitey wants to go down with US whitey's ship, be my guest...

[–] UltraGiGaGigantic@lemmy.ml 2 points 2 months ago

For some reason the .world post from 2 days ago didn't pop up when I searched the url

[–] dRLY@lemmygrad.ml 2 points 2 months ago (1 children)

I am very lacking in global trade (might need an ELIA5). But what are they concerned about? If stuff can't go to the US, how does it mean they just automatically go to the EU? Wouldn't those items need to be bought by companies/individuals in the EU in the first place?

[–] Alsephina@lemmy.ml 4 points 2 months ago* (last edited 2 months ago) (2 children)

What happens when Chinese companies suddenly have a oversupply of goods that would normally be shipped to the US?

They might — at least temporarily — decrease prices to sell those goods, and that would naturally mean more importers in the EU and other regions are gonna buy more of them and probably sell at lower prices, driving out local competitors

[–] dRLY@lemmygrad.ml 1 points 2 months ago

Thanks for the reply!

[–] Zerush@lemmy.ml 1 points 2 months ago

It's more the question which US products and services are really needed in China.