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.