Europe specialises in high-value manufacturing - aerospace, precision tools and machinery, some pharma. China has been trying to enter those markets, but not with great success.
China is much better at components, consumer items, and mid-weight machinery.
The EU also sells a lot of food, including staples like pasta, and also niche/prestige branded foods, some with localised brand name protection. (Like balsamic vinegar from Modena.)
They're not really competing markets. The auto industry is one of the few sectors with direct competition, and the EU is working on setting minimum prices instead of tariffs.
Not great success yet. But sure, hopefully the EU and China can work out a great trade deal that works for them since they're not as you say competing markets, and everyone but America wins. That sounds great to me.
China is much better at components, consumer items, and mid-weight machinery.
The EU also sells a lot of food, including staples like pasta, and also niche/prestige branded foods, some with localised brand name protection. (Like balsamic vinegar from Modena.)
They're not really competing markets. The auto industry is one of the few sectors with direct competition, and the EU is working on setting minimum prices instead of tariffs.