Europe in the "clash of two tigers fighting for dominance" between the US and China?

Notable articles from last week:

Summary of FOMC Meeting Minutes and CPI report 04/12

Unemployment report and PPI index reduce interest rate concerns

Retail data highlights pressure on consumers

“… there are no permanent allies or permanent enemies, only permanent national interests". The famous quote by former British Prime Minister Winston Churchill accurately describes the EU's attitude towards the US and China at this time!

The European Union has long been a longstanding ally of the US. But currently, this world's third-largest economic bloc is taking concrete actions to achieve its own independence amid the fierce confrontation between China and the US.

Even more notably, in pursuing the goal of making China the world's leading power by 2049, Xi Jinping has launched a diplomatic charm offensive against Europe by continuously hosting politicians from the old continent.

For this reason, the European Union is struggling to adjust its relations with the two remaining world powers. However, the opposing attitudes during the visits to Beijing by two top European officials: French President Emmanuel Macron and German Foreign Minister Annalena Baerbock, also reflect the lack of unity in the EU's political stance towards the US and China.

Geopolitical events between the US, Europe, and China in recent weeks may lead to changes in global economic and political polarization in the coming time.

Therefore, Việt Hustler's weekend article will discuss the “tripod" situation in the economic and political position of the three powers: US, China, and Europe.