Can Europe win a trade war with China? It may depend on how victory is defined

INTELLIGENCE SUMMARY

As trade tensions with China reach boiling point, EU officials are ramping up engagement with Beijing in search of an off-ramp. Quietly behind the scenes, though, Europe is preparing for a trade war. In Brussels, a steely determination has set in to ensure the bloc’s manufacturing heartlands are not deindustrialised by the “China Shock 2.0”. With some industries already haemorrhaging jobs, the EU’s resilience-building and de-risking plans are now laced with deterrents as Brussels looks to...