On August 5, the Western media reported that the United States’ declaration of tariffs on products from China may lead to similar actions by Asian “giants†to fight back. China can find the best partners in the future in Europe, especially in the procurement of aircraft, automobiles and semiconductors.
According to the Spanish "Economist" website reported on July 29, this year, the global market has been affected by the protectionist measures of Trump and its government. After the US announced new tariff measures, stock markets around the world have been responding. Now, the good day for investors is the day when the US president does not make statements. Trump's goal is not others, but his main trading partner, China. As in any war, trade wars are expected to have winners and losers. However, winning the battle may not be one of the two competitors, but Europe.
According to the International Monetary Fund, as of the end of 2017, China’s purchase of US goods and services amounted to US$154.933 billion. The French Foreign Trade Bank pointed out that "the trade war will open a window of opportunity for European companies in China."
Victoria Torre, of the Spanish self-service bank, said: "China has taken the first step in its alternative trade strategy and is moving closer to Europe to try to diversify the market." Jesse Cohen of the "Investment" financial information website said: " It is important to remember that trade between the two parties has grown a lot in the past decade, and China is the second largest market in Europe."
According to the report, in this sense, China's main product purchased from the United States is soybean. According to the World Trade Organization, in Europe, soybean production can only meet 5% of its own demand, "so other soybean exporters such as Argentina and Brazil may become winners." Smart Tree Investment Company pointed out: "Europe will not replace the source of these imported products, but there are advantages in other products, such as automobiles, drugs, weapons or technical services, which can be exported to China."
According to the report, China’s “supermarkets†in the United States are the most expensive to buy aircraft and helicopters, amounting to more than $12.5 billion. In this case, Airbus will be able to benefit from the trade war. In 2017, Boeing sold $12 billion in China, and the cake may fly to continental Europe.
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