UNITED STATES (OBSERVATORY) – Disunited, European countries will not be able to take advantage of the current trade war between the United States and China, considers the chief economist of the Edmond de Rothschild group.
Europe is too fragmented to take advantage of the US-China standoff, says Mathilde Lemoine, Chief Economist of the Edmond de Rothschild Group, who warns that the eurozone risks becoming the “biggest loser” in the trade war between the United States and China.
In her commentary to the CNBC , she believes that Donald Trump wants to develop services exports to China, while Europe, disunited, will not benefit.
“The eurozone, and France in particular, are not organized to export their service sector […] because there is no single market for services in Europe and it is therefore difficult for Europeans to define a single market. single negotiating policy with China and the United States,” said Ms. Lemoine.
And to point out that in this case, Europe will lose, while the United States will retain its global leadership.