Trade threesome: Europe is caught between China and America

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  The Economist.

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  Hello, Mike Bird here, co-host of Money Talks,

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  our weekly podcast on markets, the economy and business.

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  We've chosen an article from the latest edition of The Economist,

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  which we very much hope you'll enjoy.

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  Europe is now locked in intense trade negotiations with both the world's superpowers.

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  It faces a threat of 50% tariffs from America to be imposed on July 9th,

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  though these have been thrown into chaos by a court ruling blocking them,

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  which the Trump administration is appealing against.

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  At the same time, it is trying to reset its relationship with China,

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  with a summit also due in July.

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  The result is a tricky, triangular dynamic.

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  Europe has to be increasingly mindful of how America's dealings with China affect its own economy and security.

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  In this triangle, each side is watching the other two suspiciously,

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  says Stephen Evertz of the EU Institute for Security Studies,

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  the bloc's internal think tank.

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  And Europe is doubly vulnerable.

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  When it comes to Russia's ongoing war against Ukraine,

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  Donald Trump's America and Xi Jinping's China both have positions at odds with Europe's security interests.

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