Chinese and European Union leaders are meeting in Beijing for a high-stakes summit commemorating 50 years of diplomatic relations, but the mood is tense due to escalating trade disputes and strategic mistrust. Both sides are grappling with the fallout from US trade policies, particularly tariffs imposed by the Trump administration, which have complicated efforts to reset or improve relations. Expectations for significant breakthroughs are low, as longstanding grievances over trade imbalances, critical mineral controls, and China's support for Russia persist. European businesses are increasingly caught in the crossfire, facing uncertainty as the world's three largest economies—China, the EU, and the US—navigate a complex geopolitical landscape. Despite calls for cooperation on issues like climate change and green technology, the summit is expected to yield few concrete deliverables.
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