China will benefit from the American commercial wars according to the best European Union diplomat
The head of the European Union’s foreign policy, Kaja Calas, said that China “laughs on the side” and is likely to benefit from the current commercial issues between the United States and its European commercial partners.
According to Bloomberg a reportClass of “side lines” of a group of seven meetings in Canada stated that China “laughs on the side” due to the ongoing tariff issues between the United States and European countries. China “indirectly benefits from the United States from a trade war with Europe.”
Class’s comments came hours after US President Donald Trump threatened to enforce 200 % of taxes on alcoholic beverages such as wine and champagne from France or other European Union countries. This was Trump’s response to the European Union’s plan to impose a tariff on American whiskey products. The European Union against the United States has officially declined to declare a customs tariff for steel and aluminum.
Regarding the threats of collective and backward tariffs, Calas said that the European Union wants to “maintain a cold head” and avoid escalating inflation. However, she stressed, “Of course, we are ready to act and defend our attention when we need it.”
The US Securities Market faced a large sale for a period of three weeks, and the decline continued on Thursday, as investors showed concerns about inflation due to the threat of customs tariffs. S&P has reached its lowest level in six months, which led to a correction.
European manufactured alcoholic drinks have witnessed a decrease in stocks. This included LVMH, the owner of Shampagan House MOëT & Chandon, and Veuve Clickquot, with 2.2 % shares. Conney decreased by Remy Cointreau SA by 4.5 %. Moreover, Bernod Ricard decreased by 3.6 %.
Kaja Class stood in the European Union to Ukraine after the Tram-Milsky Saddam
Earlier on Thursday, Putin said he was ready to discuss the ceasefire in Ukraine with the United States. However, he warned that any deal should make a long -term decision for war. Class responded to Putin’s comments by saying: “We have seen the ceasefire before, and Russia has never retained these agreements.” It has indicated that it is now up to Moscow to show good intentions.
Publishing strong comments on social media regarding the recent coincidence between Trump and Zelinski in Ukraine at the White House. “The free world needs a new leader,” Class, who was the former Estonian Prime Minister, said.
Ukraine Europe!
We stand by Ukraine.We will intensify our support for Ukraine so that they can continue to treat Agressor.
Today, it has become clear that the free world needs a new leader. It is up to us, Europeans, to take this challenge.
– Kaja Kallas (@kajakallas) February 28, 2025
I mentioned several times that Europe was involved in any peace talks between Russia and Ukraine is required.
Class faced an unexpected diplomatic challenge when a meeting with American Senator Marco Rubio was canceled at the last minute, due to “schedule of cases.” This was a setback in its efforts to enhance diplomatic relations with the United States
Despite the fact that an individual meeting could not be possible between the two parties, Callas said she had “very positive” reactions with Rubio during the break.
200 % will work on alcohol definitions in the European Union on the wine factories in the United States
Wine sellers and importers believe that the possible Trump tariff will end the European wine market in the United States
” AP news a report“I don’t think customers are ready to pay two to three times for their favorite wine or champagne.”
The president of Zakzz, a luxury wine, Jeff Zakaria, said that 80 % of his European wipes. We wine is not enough to match the request; Therefore, importers depend on European wines. “This will only have a major negative impact on the entire American wine industry in all its aspects, including American wine factories,” says Zakaria.
According to IWSR, an international alcohol -related data provider was imported, in 2023, 17 % of consumed wine in the United States of the European Union. This percentage constitutes 7 % of Italy and 5 % of the French cognac, wine and vodka.
The US Department of Agriculture stated that the alcohol imported in the United States during 2022 constitutes 14 % of US agricultural imports, at a value of $ 26.6 billion. In the same year, the United States exported a wine of $ 3.9 billion of lives, beer and distillation.
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