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Von der Leyen: Global Tensions and Tariffs Reshape World Order, Diminishing Western Influence

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bitcoin.com
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1 year ago
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European Commission President Ursula von der Leyen warns that global tensions, tariffs, and wars are reshaping the world order, with the West no longer holding its former influence. She highlights the U.S.-China power struggle and Putin’s ambitions as key disruptors, calling for the EU to take an active role in shaping the new global landscape. Despite U.S. tariffs and geopolitical challenges, von der Leyen notes growing interest in trade with Europe from nations worldwide. She recently discussed EU-China relations with Chinese Prime Minister Li Qiang, emphasizing the need for a reformed trading system and addressing trade diversions caused by tariffs. A WTO report predicts a 6% rise in Chinese exports to Europe due to U.S.-China decoupling, while von der Leyen stresses vigilance to prevent market flooding by Chinese goods. The EU faces paused 20% U.S. tariffs, while China contends with 245% tariffs, underscoring the trade war’s global impact.

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