The EU leadership does not have the spine or the political will for a trade war with China. So, they just continue to talk about the out of control trade imbalance absorbing China's overcapacity and send strongly worded letters to Beijing while their industrial base continues to be hollowed out. They are damned if they do, and damned if they don't. Heaven forbid their green agenda gets derailed. Their pursuit of net zero has them now backed into a corner, and the CCP knows it. While the US started diversifying supply chains to break the dependence upon China and opening up our own energy independence, the EU in their usual elitist arrogance, simply looked down their noses at the US and sat on their hands. If they don't find a backbone soon, they are screwed. When they can no longer pay to support the freeloaders they allowed in, then the fireworks really start.
The EU leadership does not have the spine or the political will for a trade war with China. So, they just continue to talk about the out of control trade imbalance absorbing China's overcapacity and send strongly worded letters to Beijing while their industrial base continues to be hollowed out. They are damned if they do, and damned if they don't. Heaven forbid their green agenda gets derailed. Their pursuit of net zero has them now backed into a corner, and the CCP knows it. While the US started diversifying supply chains to break the dependence upon China and opening up our own energy independence, the EU in their usual elitist arrogance, simply looked down their noses at the US and sat on their hands. If they don't find a backbone soon, they are screwed. When they can no longer pay to support the freeloaders they allowed in, then the fireworks really start.