EU, China, Others Form Alliance to Settle Trade Disputes

The transcript discusses the formation of a new alliance involving the EU, initially with Norway and Canada, and now including China. This alliance aims to replicate a WTO mechanism, which the US has been opposing. China's inclusion is significant for trade dispute resolution and political reasons, especially as the EU and China commit to global engagement despite US retrenchment under Trump.

What is the EU's new alliance attempting to replicate?

• A military alliance

• A mechanism from the WTO

• A trade agreement with the US

• A new currency system

Which countries were initially part of the EU's trade network?

• Brazil and Argentina

• Norway and Canada

• Japan and South Korea

• China and India

Why is China's inclusion in the trade network significant?

• It helps solve trade disputes with the US

• It leads to a new currency system

• It marks a shift in global trade dynamics

• It allows for military cooperation

What does the EU and China's commitment to the alliance indicate politically?

• A focus on military alliances

• A challenge to US dominance

• A retreat from global trade

• A new currency initiative

What is the EU's stance if the US withdraws from global trade discussions?

• They will also withdraw

• They will seek new alliances

• They will focus on military expansion

• They will continue their commitment