Brussels and Washington must again bring China to the negotiating table, and not get fooled again.
Trade turnover will be slightly reduced, and markets will be somewhat isolated.
While pressing China to adhere to the rules, the United States itself moved quickly to self-protectionism, contrary to international rules.
[T]he U.S. ... played the key role in shaping the rules of international trade during the postwar period. Today, the very same U.S. poses a real threat to these rules and institutions.
Even though the EU and the U.S. are natural partners in rewriting world trade rules with China, Trump's strategy risks depriving Washington of a strategic ally.