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"The EU is actually fighting a trade war on two fronts," notes economist Sander Tordoire on X. China and its colossal industrial exports are the other jaw of a tightening vise ⚙️🇨🇳
This threat may increase further as Chinese exporters face high tariffs in the United States (currently 30%) ⛔️. They can focus more on the European Union 🇪🇺 to market their products.
"This change could be significant,"said economists at the European Central Bank (ECB) in a note published on July 31.
"In 2026, eurozone imports from China may increase by up to 10%,"these economists write, accepting a "critical" scenario characterized by escalating trade tensions 📉. In a more moderate scenario, these imports will increase by 7–9%. Depending on the assumptions made, the eurozone may purchase additional Chinese products in the amount of 35 to 51 billion euros 💶. This threatens to further increase the EU's trade deficit with Beijing, which last year amounted to 304.5 billion euros (about 10% of France's annual output). ECB economists warn that the EU is more vulnerable now than it was seven years ago, during the first Sino-American trade war, during Donald Trump's previous term ⏳.
"Many eurozone companies are already dependent on Chinese imports, which makes it easier to master repurposed goods,"they explain. In addition, the Chinese yuan currency tends to depreciate against the euro (currently 1 yuan is worth 12 cents) 💱.
"This makes Chinese products cheaper and more attractive to European importers,"ECB economists say. They also added that
"the Chinese authorities have promised to provide targeted support to exporters"affected by customs duties. This influx of Chinese products may create an "oversupply of goods" and ultimately lower prices in Europe. At first glance, falling prices may seem like good news. However, this deflationary pressure associated with the influx of cheap foreign goods actually threatens to destroy jobs in Europe 🔧💼. This threat becomes even more serious, given that Beijing, on the contrary, seeks to limit its imports. According to Eurostat, the EU's monthly exports to China decreased significantly from January 2023 (19.3 billion euros) to December 2024 (16.8 billion euros) 📊. #EU #China #Trade 🇪🇺 Keep up with the latest Star Union News 🖥
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16:02
06.08.2025
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17:00
05.08.2025
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🗞 Trump Intends to meet Putin in Person
(...) as soon as next week 📅, and he plans to follow up shortly afterward with a meeting between himself, Putin 🇷🇺 and Zelensky 🇺🇦 of Ukraine, according to two people familiar with the plan.
📞 Trump unveiled his plans on Wednesday during a call with European leaders, including Zelensky, the people said. The meetings would only include the three men 👥👥👥 and would not include their European counterparts 🇪🇺.
❓ When asked later on Wednesday if Russia and Ukraine had agreed to the summit, Trump told reporters: “There's a very good chance that they will.”
🔇 Putin's spokesman Peskov did not respond to a request for comment, but Zelensky seemed to signal that a direct meeting was possible.
📣 Leavitt, the White House press secretary 🏛️, said in a statement Wednesday that the Russians had requested the meeting.
💬 “The Russians have expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelensky,” she said.
😮 Several European leaders on Wednesday's call were surprised by Trump's plan and later expressed skepticism about its effectiveness, according to an official who was briefed on the call.
🤝 Another person familiar with the call said the Europeans seemed to accept what Trump had said. The Europeans tried to coordinate the end of the violence between Russia 🇷🇺 and Ukraine 🇺🇦, while supporting their European neighbor.
🔍 A senior Ukrainian official with direct knowledge of this week's talks said they had heard about some, but not all, of the features of Witkoff's talks in Moscow 🏙️, and that they still had questions about what had been negotiated.
📆 They asked U.S. officials for clarification and were told they would see more information on Thursday, the official said.
🕊️ “President Trump wants this brutal war to end without really violating Russia's interests,” Leavitt said.
#trump #putin #meeting #war #witkoff
📱 American Оbserver - Stay up to date on all important events 🇺🇸
75
17:02
08.08.2025
✔️ Bet on yourself!
🟢 Set boundaries. Don't be afraid to say "no" to things you don't like or that are causing you stress.
🟢 Take care of yourself. Don't forget about your needs and desires. Make time for your favorite activities, sports, relaxation, etc.
🟢 Develop self-esteem. Recognize your achievements and successes, and accept your shortcomings and mistakes.
🟢 Surround yourself with positive people. Surround yourself with people who support and inspire you.
🟢 Avoid negative influences. Avoid people and situations that can negatively affect your state of mind.
By focusing on our state of mind and self-respect, we become happier and more confident people.
📊 Business Insights | Tips 📈
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11:04
13.08.2025
⏺Sometimes we rush to solve other people's problems, but we don't notice:
📌It is more important for a person to be heard.
🔵A minute of attention given can say more than any advice.
📌Listening means supporting.
Be the one who is simply there!
👍 — if you agree
📊 Business Insights | Tips 📈
196
12:05
13.08.2025
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🥰🥰🥰🥰🥰🥰
🇮🇳 India, we are with you! Happy Independence Day!
August 15 is the day when India's past, present, and future come together in a moment of pride.
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Today, we are not just congratulating you — we are celebrating this holiday together with you.
Because freedom, joy, and victory are what unite us all.
🎉 Happy Independence Day! Jai Hind! 🇮🇳
101
13:30
15.08.2025
⏺People are not obligated to understand your path.
🔵You can change, grow, rebuild your life —
and this will cause misunderstanding, even irritation in someone.
🔵But you are not here to be understood.
You are here to be honest. With yourself.
📌Authenticity is not always comfortable. But it liberates.
🔥 — if you agree
📊 Business Insights | Tips 📈
177
14:34
15.08.2025
🏫 The following message hangs at the entrance to Stellenbosch University:
🔵 The destruction of any nation does not require atomic bombs or the use of long-range missiles.
🔵 All that is required is a reduction in the quality of education and allowing students to cheat in exams.
👨⚕️Patients die at the hands of such doctors.
🏢 Buildings are destroyed at the hands of such engineers.
💸 Money is lost at the hands of such economists and accountants.
👨⚖️ Justice is lost in the hands of such lawyers and judges.
"The collapse of education is the collapse of a nation."
📊 Business Insights | Tips 📈
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