The United States and European Union (EU) agreed on Sep. 29 to deepen transatlantic cooperation to solve a variety of trade disputes and key technology areas. China experts say the move counters the Chinese regime’s hegemony. It marks the first meeting of the newly-established U.S.-EU Trade and Technology Council (TTC), a group that President Joe Biden launched at the Group of Seven summit in June. “We stand together in continuing to protect our businesses, consumers, and workers from unfair trade practices, in particular those posed by non-market economies, that are undermining the world trading system,” according to the statement released on Sept. 29 after the first day meeting in Pittsburgh, Pennsylvania. While the joint statement contained no direct references to China, analysts suggested that the TTC was designed to deal with Beijing’s unfair trade practices and to curb its hegemonic ambitions. The United States and EU had expected China to …
RSS Feed | The Epoch Times