Monday, June 25, 2018

China to pursue more trade with France, EU raises 'difficult issues'
Read more at https://www.channelnewsasia.com/news/asia/china-to-pursue-more-trade-with-france--eu-raises--difficult-issues--10466980

 (Updated: )

Ricky Lim
During his visit to China in January, Macron said a contract with Beijing for 184 Airbus A320 narrow-body jets would be finalised soon.
Li's remarks appeared to strengthen the chance of more business for Airbus, although no deal was signed on Monday, as China usually reserves awarding such big prizes to visits by top foreign leaders.
China on Monday also signed an agreement to import beef from France, just as U.S. beef shipments are threatened with tariffs.

"I explained to Mr Prime Minister that in recent years we have bought quite a lot of passenger aircraft, and there needs to be a period to digest this," Li told a joint news conference. "In spite of this, we are still willing to strengthen cooperation with France's Airbus."
China has struck a very different tone with the United States, having warned that Boeing could become a casualty if the world's two largest economies fail to halt their slide toward a trade war.

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This is both China and EU's shot across Trump's trade war ---- US businesses lose big in Trump's trade war.
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