Transatlantic commercial relations occur in the context of the wider global economy. Chinese policies and state-backed firms have greatly affected European and American companies, consumers, and workers. This chapter discusses a few areas where Chinese competition has forged closer transatlantic coordination, cooperation, and collaboration, and where companies have engaged across the Atlantic. As the US imposed a wide swath of restrictions on Chinese goods in 2025, European consumers initially benefited from lower prices as goods diverted to Europe. However, firms soon feared that the Chinese were dumping goods that were now too expensive for American importers. This forced Europe to impose restrictions to protect its workers and companies. There are also numerous examples of where companies on both sides of the Atlantic face similar challenges. However, there are areas where engaging with China, and Chinese firms, remains critical to our societies, at least in the near-term. Some Chinese products are difficult to replace; many of us would find it harder to work and enjoy life without them. Making all products domestically (in the US or Europe), or in friendlier countries, or banning all exports, are not feasible options to fix the problems and challenges facing firms and consumers.

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Countries and Companies, Some Transatlantic Responses to Chinese Challenges

  • L. Johan Eliasson

摘要

Transatlantic commercial relations occur in the context of the wider global economy. Chinese policies and state-backed firms have greatly affected European and American companies, consumers, and workers. This chapter discusses a few areas where Chinese competition has forged closer transatlantic coordination, cooperation, and collaboration, and where companies have engaged across the Atlantic. As the US imposed a wide swath of restrictions on Chinese goods in 2025, European consumers initially benefited from lower prices as goods diverted to Europe. However, firms soon feared that the Chinese were dumping goods that were now too expensive for American importers. This forced Europe to impose restrictions to protect its workers and companies. There are also numerous examples of where companies on both sides of the Atlantic face similar challenges. However, there are areas where engaging with China, and Chinese firms, remains critical to our societies, at least in the near-term. Some Chinese products are difficult to replace; many of us would find it harder to work and enjoy life without them. Making all products domestically (in the US or Europe), or in friendlier countries, or banning all exports, are not feasible options to fix the problems and challenges facing firms and consumers.