The recent G20 summit in Osaka in June failed to deliver a breakthrough in the growing US-China rivalry over trade and technological supremacy. Like the rest of the world, Europe is feeling the heat of the trade war US President Donald Trump unleashed against China. As a resolution of this tug-of-war is not in sight, the EU’s new leadership should start preparing a comprehensive response.
Beijing’s growing assertiveness in the South China Sea is putting Europe’s economic interests in the area at risk. More than one third of Europe’s external trade takes place with the Indo-Pacific region and any escalation of tensions in this area will undoubtedly have a direct impact on Europe.