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.
This graphic shows how the the overall level of internal trade among the member states of the Eurasian Economic Union (EAEU) remains relatively low at 14.6 percent, especially when compared to the European Union (EU), where around 64 percent of trade was between members in 2017. The graphic also shows the percentage of external trade for both unions. For an insight into Russia’s policy towards the EAEU and how this fits into Moscow’s Eurasian strategy, see Jeronim Perović’s chapter in Strategic Trends 2019 here.
As the People’s Republic of China transforms itself into a technological and military superpower, while maintaining a party-state system, there is increasing debate at the heart of the EU about the terms on which relations with the country should be pursued. Pressure has been exerted on the debate by the EU’s main ally, the US, whose strategic rivalry with China is growing daily.
The United States is set to propose an economic plan for Israel-Palestine, spearheaded by Jared Kushner, on 25 and 26 June in Bahrain, where Gulf Arab states will discuss the troubled Palestinian economy.
It seems that Jared Kushner, one of the principal architects of the so-called “deal of the century” to end the Israeli-Palestinian conflict, has finally discovered the European Union. In his role as a senior adviser on the Middle East to US President Donald Trump, Kushner has recently faced a series of setbacks – among them the recalcitrance of Palestine Liberation Organisation (PLO) and Israeli politics’ descent into almost unprecedented political chaos. In response to these problems, Kushner made what looked to be a hastily arranged trip to Brussels on 4 June, meeting with European Commission President Jean-Claude Juncker and Federica Mogherini, the EU’s high representative for foreign affairs and security policy.
The EU27 are holding together throughout the twists and turns of Brexit. This is simply because it is in their interest to do so
Last month’s Brexit drama was such a compelling view that it even drew Germany football fans away from the Bayern Munich match against Liverpool – to the match playing out in the House of Commons. “Order!” they roared, like the speaker, John Bercow. “Oóórder!!”
This is Brexit for many Europeans: entertainment. It can be much more exciting than football, soap operas, or talk shows.