EU prepares for Donald Trump to retake US reins

"Unlike the US, the EU has not significantly reduced its trade links with China, particularly for imports," write Aslak Berg and Zach Meyers in a paper for the Centre for European Reform (CER).

"This partly reflects an internal conflict in the EU about how to tackle China. Some member-states see China as a strategic and commercial threat and want stronger action.

"The EU has around 30 million manufacturing jobs, so it now has far more to lose from China’s overcapacities and surging exports than the US does."