Think Tank Outlines Plan for US, EU to Address China Trade, Tech Issues
The U.S. and the EU should launch a new “ambitious agenda” to address trade and technology challenges posed by China, including streamlining the U.S.-EU Trade and Technology Council and building on sanctions and export controls, the Center for European Policy Analysis said this month.
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CEPA specifically called on the U.S. and the EU to continue building on -- but to simplify -- the TTC, which is currently “ensnared in an unwieldy tangle of many working parties.” It should be split into three pillars, with pillar one focusing on mitigating U.S.-EU disputes, striking a trade deal, defense and security cooperation, and more.
Pillar two should address China by expanding sanctions against Chinese people and companies that are supporting Russia’s war against Ukraine, and it also should help in “improving and expanding coordination on export controls.” The pillar also should discuss ways to improve inbound and outbound investment screening, CEPA said.
Under pillar three, the U.S. and the EU would bring in other “like-minded partners” to address China, including nations that can help them reduce their dependance on critical minerals from China, the think tank said. They also can work with other countries around “coordinating and enhancing efforts to counter Chinese theft of intellectual property.”
CEPA said the U.S. and the EU need a new strategy because they have so far "allowed their own bilateral squabbles to get in the way of robust transatlantic efforts to address Chinese aggression," which it fears could "boil over in 2025."
"Any effort to forge joint or complementary US-European approaches to China could be a bridge too far," it said. "Yet the high stakes warrant exploring what a transatlantic deal on China might look like."