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China pushes Europe for trade alliance against U.S.

French President Emmanuel Macron at the EU headquarters
French President Emmanual Macron at the European Union leaders summit. Photo: Thierry Monasse/Getty Images

With both China and Europe facing hefty tariffs from the United States, China is looking to the European Union to join it in putting out a joint statement against the United States ahead of the Sino-European summit in Beijing in mid-July, reports Reuters.

The big picture: So far, the European Union has rejected the idea of uniting with China against Washington on trade. The EU, which is the world's largest trading bloc, still has hope for a multilateral trading system with China and is hoping to set up a work group to modernize the WTO.