After EU-US Trade Disagreement China is an Option

June 25, 2018 Share Print 0

With President Donald Trump shaking the world trade order, the European Union is working with China to ensure that multilateral trade doesn’t come to an abrupt end.

European and Chinese officials are taking steps to strengthen their trade ties, but based on a multilateral approach — a system by which international trade has evolved over the past few years.

However, making trade accords with multiple countries is something that Trump opposes on the basis that it has had a negative economic impact on the U.S.

“I feel really we are making progress… both China and the EU believes in multilateralism and a rules-based world order,” Jyrki Katainen, vice-president of the European Commission, told CNBC’s Eunice Yoon on Monday.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.