EU seeks China’s help to contain Trump’s trade war (www.politico.eu)

submitted 1 week ago by UltraGiGaGigantic@lemmy.ml to c/worldnews@lemmy.ml

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[-] dRLY@lemmygrad.ml 2 points 1 week ago

I am very lacking in global trade (might need an ELIA5). But what are they concerned about? If stuff can't go to the US, how does it mean they just automatically go to the EU? Wouldn't those items need to be bought by companies/individuals in the EU in the first place?

[-] Alsephina@lemmy.ml 4 points 1 week ago* (last edited 1 week ago)

What happens when Chinese companies suddenly have a oversupply of goods that would normally be shipped to the US?

They might — at least temporarily — decrease prices to sell those goods, and that would naturally mean more importers in the EU and other regions are gonna buy more of them and probably sell at lower prices, driving out local competitors