lørdag 18. desember 2021

China’s trade attack on Lithuania exposes EU’s powerlessness

The EU has no good cards to play as China rapidly ups the ante in its economic hit job against Lithuania. As Lithuania sought to deepen diplomatic ties with Taiwan over recent months, Beijing has moved to make an example of Vilnius by flexing its massive trade muscle and stopping imports of Lithuanian goods. Business organizations told POLITICO that China's embargo is now hitting manufactured goods from other EU countries — such as France, Germany and Sweden — that are dependent on Lithuanian supply chains.

A day after Vilnius decided to pull all its diplomats out of Beijing, the 27 EU leaders meeting in Brussels on Thursday devoted little time to the unprecedented spat that is threatening to lay bare how little room for maneuver Europe has to take trade action to help defend political principles.