EU, US will team up against China over its alleged 'trade-distorting policies'

Reuters
Mon, 17 May 2021 12:54 UTC

© REUTERS/Francois Lenoir

U.S. and European Union flags are pictured in Brussels, Belgium February 20, 2017.

The United States and the European Union issued a joint statement on Monday saying that they can partner to "hold countries like China that support trade-distorting policies to account".

The statement was issued by the United States Trade Representative Katherine Tai, U.S. Secretary of Commerce Gina Raimondo, and European Commission Executive Vice President Valdis Dombrovskis.

The statement announced the start of discussions to address global steel and aluminum excess capacity.

Comment: When the US and EU can't legitimately compete with a country, they have a tendency to team up and slap them with sanctions or work on schemes such as these:

• Trump reaps the whirlwind with China/Iran mega deal
• EU, India try again to clinch trade deal, sidelining China
• Pentagon scrambles for rare earth supplies as China threatens to cut US off