President Donald Trump announced an uneasy trade truce with China last week, but experts argue that Washington will need the support of the European Union if it is to hold.
While the eyes of the world focused on the direct interactions between Washington and Beijing during trade negotiations, the true outcome lies in the actions of the rest of the world. Among the key markets is the EU, which has sought to play a balancing act between Washington and Beijing — much to the former’s ire. For the latest trade truce between the U.S. and China to hold, some experts believe that the 27-nation bloc will need to choose a side.
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