But there has to be a price, or the leveraging game will continue.
When there is enough collective power they will waver as we can see in the current US-China negotiations.
The trade balance heavily favours EU and the US and the materiality of that fact becomes evident as soon as someone has the cohones to play the card.
Right now as China is facing an existential turning point with much lower rates of growth, is a good time to do it. And sooner is always better.
But there has to be a price, or the leveraging game will continue.
When there is enough collective power they will waver as we can see in the current US-China negotiations.
The trade balance heavily favours EU and the US and the materiality of that fact becomes evident as soon as someone has the cohones to play the card.
Right now as China is facing an existential turning point with much lower rates of growth, is a good time to do it. And sooner is always better.