The European Union and China are urged to forge a "grand bargain" to prevent a trade war, moving beyond political rhetoric to address economic realities. This pact should acknowledge the new global economic landscape and foster two-way investment as a means of rebalancing trade. Both sides need to exercise strategic patience, recognizing that the EU's significant trade deficit with China is a result of decades of shifting supply chains and cannot be quickly reversed with tariffs. AI
RANK_REASON Opinion piece discussing potential trade policy between the EU and China.
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