Europe's Fading Illusion of a Trade War Victory The European Union's increasing determination to prepare for a potential trade conflict with China has sparked debate about what constitutes "victory" in such conflicts.
The EU is bolstering its manufacturing base and developing deterrents and retaliatory tools, which has led some analysts to question whether Europe can emerge victorious from a trade war.
The EU's plans are largely driven by a desire to shield core industries from the devastating effects of Chinese competition, known as "China Shock 2. 0.