Can Europe still compete with the US and China?
Al Jazeera
Al Jazeera
Original Source
Europe finds itself falling behind both the United States and China as tensions with Washington rise over tariffs and defense spending, while Beijing controls critical supply chains. The European Union possesses significant leverage through its 450-million-consumer market, yet closing its competitiveness gap demands sweeping reforms and substantial investment.
For decades, Europe relied on the United States for security and on China for cheap goods.
Now, it is lagging behind both.
Tensions with its ally, Washington, are rising over tariffs, defence spending and Greenland, putting the transatlantic relationship under strain.
Beijing dominates key supply chains and raw materials Europe still depends on.
When Presidents Donald Trump and Xi Jinping met last week, Europe was not in the room, but their decisions still land on the continent’s doorstep.
Europe has leverage of its own, including a single market of 450 million consumers.
But closing its competitiveness gap requires deep reform and massive investment.
Now, it is lagging behind both.
Tensions with its ally, Washington, are rising over tariffs, defence spending and Greenland, putting the transatlantic relationship under strain.
Beijing dominates key supply chains and raw materials Europe still depends on.
When Presidents Donald Trump and Xi Jinping met last week, Europe was not in the room, but their decisions still land on the continent’s doorstep.
Europe has leverage of its own, including a single market of 450 million consumers.
But closing its competitiveness gap requires deep reform and massive investment.
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Source: Al Jazeera
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