Do we honestly believe the Europeans are capable of taking over the supporting of Ukraine from the USA in the unending war? The EU is now at wits end trying to get enough energy to keep its industries alive on ICU. Energy from USA and elsewhere is not cheap at four times more expensive, certainly never going to be cheaper than the days of cheap Russian oil and gas. And those Russian oil and gas are moving Eastward and not coming back to the EU.
We have to keep in mind the warning of Henry Kissinger. The EU, the closest ally of the USA is there to be sacrificed for the USA by being the USA's friend for decades. Even enemies of the USA do not have to suffer like them today.
Now, France and Germany are still talking about formulating a 'road map' to counter China's trade imbalances. Is China going to feel threatened? I guess not really, as the EU is now not the priority market for China, even though trade is still ongoing. The Global South countries are now the most important market being cultivated by China.
China's total trade globally stands at US$6.36 trillion with a 'T'. China's trade with EU stands at US$845 billion, with China importing US$213 billion from the EU and exporting US#519 billion to the EU, resulting in a trade surplus of US$300 billion for China. Those are just 2024 figures. Both sides stand to lose substantially if a push turns into a shove. Who can still stand up on its feet is the question.
China's trade is expanding exponentially over the last two years, with trade surpluses breaking records year after year. Most of the trade expansion is with the Global South countries while shrinking with the USA.
Anonymous
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