欧洲贸易的可变几何架构:构建韧性与多元化.docxVIP

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欧洲贸易的可变几何架构:构建韧性与多元化.docx

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Variablegeometryfor

VariablegeometryforEuropeantrade:Buildingresilienceanddiversification

InSummary

?(Unfortunately)noimbalancewasharmedinthemakingofthepost-pandemictraderebound:Europe’sdeficitwithChinadoubledanditssurplustotheUSincreasedby+34%.Sincethepandemic,thetradesurplusofEurope’stop10economiesexpandedtoEUR354bn(+18%),but:(i)thedeficitwithChinadoubledto–EUR300bnandnowspans400criticalimportdependenciesrepresentingone-thirdoftotalimports(electronics,machineryandtransitiontechnologies)and(

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