Chinese Trump stepped in as the tension between the EU and the EU increased in early October. On October 10, things got even more complicated. China moved for export controls because the Netherlands seized Chinese Nexperia. This is the shortest summary of the October decline and it is at this point that important developments are taking place.
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It was no surprise that China took action with the seizure of Nexperia. The fact that the EU and the USA acted in alliance on trade made it necessary for China to take harsher steps. At this stage, we have seen some last-minute developments that indicate that the increasing tension between China and the EU may come to an end. BTC price exactly this percentage experienced a rapid rise to $113,300.
ChineseEU nexperia He hopes it will play a role in solving the problem. China and the EU will hold an export control dialogue in Brussels. In other words, the negotiation table is being established and this is the biggest signal that the tension will decrease.
EU Trade Commissioner Sefcovic is making statements as the article is being prepared and the important highlights of his speech are as follows;
“The extent of China’s export control, which has increased since April, is unfair and harmful. We decided to maintain intensive contact at all levels. I invited Chinese officials to Brussels in the coming days and they accepted the invitation. It is very important that the restrictions on rare earth elements are resolved as soon as possible.
“This dramatic expansion of export controls proposed by Chinese authorities last week highlights just how negative an impact this could have on European industries.”
We should see concrete steps by November 1. New developments for now cryptocurrencies In its favor, there is optimism that it will be constructive because everyone has played their trump card. If the EU, the USA and China find a middle ground and walk together in the scenario of loosening export restrictions but weakening tariffs, cryptocurrencies may rise further.