The main factor in the new agreement between the US and the European Union is energy cooperation. Experts highlight that Russia is in a challenging position, with prospects looking increasingly grim for Moscow. An immediate increase in energy supplies from the US to Europe is unlikely, but this move sends a strategic signal to the market.
The recent visit of the EU delegation to China, shortened compared to expectations, signaled tensions in relations. European politicians demanded China influence Russia to stop the war and voiced concerns over unfair competition, especially in the automotive sector. The EU is considering introducing tariffs, potentially starting a trade war with China.
US-EU cooperation is actively discussed in the context of forming a united front regarding China. Yet, Europe is also seeking balance, viewing partnership with Beijing as an alternative to full dependence on Washington.
The trade and economic relations between the US, EU, and China differ significantly: EU-China is focused on goods, while US-EU relations also include services, investments, and standards. Raising tariffs and ecological requirements is seen as a method to redistribute production globally, potentially incentivizing moves from China to India or other countries.
The discussion also touched upon the risks of conflict escalation involving China, Russia, and North Korea. However, analysts point out Chinese leadership pragmatism, prioritizing market access in the EU and US over military confrontation.
The increasing transparency of global political dynamics is influencing the strategies of major states and businesses. New agreements between the US and the EU are viewed as potentially strategic for reshaping the global economy.
