Transcription
China and the European Union have agreed on a complete lifting of restrictions on neutral exchanges, as the two sides mark 50 years of diplomatic relations. Beijing is extending a warm welcome to visits by top officials, at the time that it deems appropriate.
Paul, why you don't is which, of course, way in which she from the land should be a lot. She, she's to warning so, but I don't. Asian John Lee Dumas, Lisa suits them goals and deadlines. And China are looking to present itself as a reliable partner in the global trade landscape.
Upended by tariffs from Washington, Brussels and Beijing agreed last month to look into setting minimum prices on electric vehicles, signaling an intention to ease strained ties. The bloc imposed tariffs of as much as 45.3% on Chinese imports last year. And CNA is time you go on with on how Mister Trump says could drive China and the EU closer together. You can sable sites now have a common enemy, shall we say, more politically? Correct me. I challenge a common challenge.
The U.S. President, Donald Trump's Paris, and both sects are looking at each other for diplomatic support, has vast potential alternative markets for goods originally found for the U.S. You can see that outlook in what presidency that today, the Chinese President, Colin China and the EU to save got fairness and justice and to uphold unilateral bullying of coffee. Didn't name names, that we all know what he's fighting to. He also said that China is ready to work with the European Council and the European Commission, the defense to PG communication and Hines understanding as well has mutual trust and to properly handle friction and differences.
Ross Collin joins us from Paris Russe. We hope that all cars, one from China, the rhetoric very warm between the EU and Beijing. Also moves to lift restrictions that we've seen since last year's on mutual exchange. Is all these moves sustainable, given that very real differences between Beijing and Brussels? There are very real differences. We have seen some cautious language from us in a van der Leyen's, the president of the European Commission. But overall, what it does seem that has they do. Your correspondent was just mentioning in in terms of the view from China that there is a chance for a recess or an opportunity for realignment of relations in view of the imposition. And then the come polls of those are sceptical tariffs by the United States on pretty much every country in the world said mentioning that there are common challenges, perhaps whether all for the opportunities to work together between Beijing and Brussels.
We know that Xi Jingping has been saying in this letter to you need is that a healthy staple, China you at ties in not only promoting mutual achievements, but also eliminating the world in the couple of days off to Donald Trump announced owns reciprocal tariffs. Several on the line, had a phone call with Lee Chang of the Chinese premier. And in that she stressed that she thought it was the responsibility of both Brussels, Beijing to promote a free and fair trading system founded on a level playing field. Says certain we are seeing the opportunity for closer ties, although there have been some tricky moments in recent history. We know that the EU approved of some China-made electric vehicles and then last October, that was a temporary imposition by China, a retaliatory measures on EU out Co specifically targeting Brown. The of course that hit countries like France hard but Ross. Nonetheless, there is a reach out from Brussels to Beijing given that can says they do not want a to front a trade war. Also given what's happening in Washington, a better that ties with Beijing easy.
What has the EU done to prepare itself for tariffs which will go even higher in Washington? [MUSIC] Yes, there is a chance to to to work together. We know that the European Union's Chamber of Commerce in China has also been speaking in the last couple of days saying that the quote, recent escalation of tariffs and trade measures between the United States and China has far-reaching implications for all foreign company companies, especially in China, saying that the trade tariffs have increased on SEPT since we know that the EU has suspended for now its countermeasures. That has won 6 to response to the United States is import taxes on steel. It says it reserves the right to respond with further retaliatory measures if it chooses to do so. If the United States chooses to end the polls in reimpose the previously announced tariffs as of that was a possibility of a new import taxes on American whiskey. When President Trump announced that he said what I would respond with a 200% right on import taxes for EU iconic products nights B, wine and champagne again, major export market for for France. The top trade commissioner for the European Union is Roche chefs. You that she's been speaking with Washington regularly to try to encourage Donald between the two sites and we can listen now to and it's a bit more of what MS the shift of which has had to say. So the EU has made clear that we are ready to discuss any are ready to find mutually beneficial solutions, respecting our interest, and that led to the fall to them. They now need to the U.S. to show its readiness to make progress towards a fair and balance ocean. And I have to be shared approach with my U.S. counterparts as a basis for 4th of engagement that fully engaged in discussion with the U.S. the negotiated solution remains out clear and preferred out.
So on this 50th anniversary of ties between Brussels and Beijing, the next major step could well be that summit that we expect in the second half of July, with potentially the president of the European Commission, Ursula von der Leyen, the president of the European Council, Antonio Costa, present in Beijing to meet President Xi Jinping. Thanks for that Roskam of that reporting live from Paris.