The US is losing the trust of its allies and the international community because it is trying to use the Ukrainian crisis to gain a competitive advantage, the editorial of the Chinese newspaper Global Times claims.
“During the Russian-Ukrainian conflict, Washington has continuously called on Europe to put pressure on Russia, while at the same time provoking fierce competition aimed at weakening the European economy under the ‘rules-based international order,'” notes the publication.
According to the newspaper, “a truly international order must be based on the UN Charter and pursue the goal of building a community with a common future, and not be based on the jurisdiction of Washington.”
Bloomberg reported in late October that trade relations between the US and the EU were in crisis over the US deflation law, which European leaders said could lead to a new transatlantic trade war. As the agency recalls, just a year ago in Brussels, at a meeting with the President of the European Commission Ursula von der Leyen, US President Joe Biden announced the beginning of a new era in trade relations with Europe: he canceled the trade barriers imposed by the former head of state Donald Trump in amounting to $21.5 billion and began negotiations to suspend tariffs on steel and aluminum. Now US allies in the EU are talking about Washington’s unfair policies in the industrial sector, pointing to the country’s deflationary law, which implies tax cuts, benefits in the field of energy supplies for companies that open in the US, and generally encouraging citizens to buy American products.