7 days of world events

How the West made China rich – and is now losing

A serious trade war with the USA is looming, with one big loser: Europe!(Bild: Swen Pförtner / dpa / picturedesk.com)

China has worked its way up through diligence and national ambition - and with active help from the West. But now the West is fearful of China's strength and dynamism. A serious trade war with the USA is looming, with one big loser: Europe!

Alarm bells are ringing: All signs point to a trade war. US President Joe Biden has kicked off the campaign. This bang was just what was needed in the current chaos! Trade wars have no winners, only losers. In this case, the main loser is once again Europe.