European officials have preferred to take a softer approach to Beijing than that of the Biden administration.
European Commission President Ursula von der Leyen has, in recent months, pushed for a policy of de-risking from Beijing — reducing dependency on the country in critical sectors such as raw materials and semiconductors. However, European officials aren't anywhere near supporting a total breakup in economic and diplomatic ties.
The EU's single market, where goods and services move freely across borders, is home to 23 million companies and over 450 million consumers, according to data from the European Council. The American rhetoric toward China eased slightly following a meeting of G7 leaders over the weekend, with Biden warming to the concept of de-risking, rather than completely detaching the two largest economies in the world.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Hack Is Latest Challenge for West’s Diplomatic Reset With BeijingThe U.S. and its closest allies said Chinese hackers are targeting critical infrastructure using a novel method that is difficult to detect.
Read more »
Chinese diaspora caught in crossfire amid Ottawa-Beijing tensionsChinese diaspora has been caught in the crossfire of Ottawa’s row with Beijing over its alleged meddling in Canada’s affairs — facing both intimidation from Chinese operatives and rising stigmatisation
Read more »
'There is no other China, there is only one China': Nvidia CEO warns of 'enormous damage' if China chip war escalates."If we are deprived of the Chinese market, we don’t have a contingency for that," Nvidia CEO Jensen Huang said recently.
Read more »
$115 million raised by Moonfire Ventures for European AI startupsFounded in 2020, Moonfire Ventures has raised a $115 million second round of investment to invest in European technology and AI startups.
Read more »
European markets head for cautiously higher open as debt ceiling talks overshadow sentimentEuropean markets are heading for a cautiously higher open Thursday, reversing negative sentiment seen yesterday on the back of ongoing U.S. debt ceiling talks.
Read more »
Return Finance Launches Fully Compliant High-Yield Savings Application in 27 European Countries | HackerNoonThe Return app offers an impressive Annual Percentage Yield (APY) of up to 10% on deposits. - defi pressrelease
Read more »