The US’ fury over the China-Europe investment deal shows how rattled & isolated they are. It’s clear who’s been 2020’s big winner

It’s no coincidence

It’s no coincidence that Washington slapped new tariffs on European goods just hours after the agreement was signed. A year of repeatedly seeking the international vilification and isolation of Beijing has ended in abject failure.

European Union leaders, including Angela Merkel, Emmanuel Macron and Ursula von der Leyen hosted a virtual summit with Chinese leader Xi Jinping on Thursday and sealed a comprehensive EU-China investment treaty. Described as the most “ambitious agreement that China has ever concluded with a third country,” the agreement serves to open up a number of sectors in China to European investment, substantially expanding their market access whilst also preserving Beijing’s existing stake within Europe. 

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