RealClear World recently featured “Europe Has Come to a Fork in the Road on Trade” by Michael Lucci. In this op-ed, Lucci calls on the EU to choose the democratic, transatlantic path and reject cheap, insecure Chinese telecom imports, aligning policy with the U.S., and protecting critical industries and strategic autonomy.
In his op-ed, Lucci writes:
President Trump’s strong tariffs on Chinese goods effectively suspends most Sino-American trade. China now faces an enormous glut of telecommunications and network-connected equipment, such as 5G equipment, fiber optic cables, telecom parts and various smart devices. It’s largest trading partner, the U.S., is not buying.
This isn’t just a bilateral dustup. China will almost certainly seek to dump its telecom and network-connected equipment on the European Union at fire sale prices. Having lost access to the U.S.’ $23 trillion consumer market, China will see the EU’s $14 trillion consumer market as the only one that can absorb a meaningful share of the glut.
Europe has come to a fork in the road on trade. It’s time to choose a side. The EU should reject China’s bait and build deeper trade alliances with democracies over autocracies.
Read the full article Europe Has Come to a Fork in the Road on Trade at RealClearWorld.com
