{"id":50927,"date":"2025-07-24T02:08:36","date_gmt":"2025-07-24T06:08:36","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/china-urges-open-eu-markets-amid-global-trade-tensions\/50927\/"},"modified":"2025-07-24T02:08:36","modified_gmt":"2025-07-24T06:08:36","slug":"china-urges-open-eu-markets-amid-global-trade-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/china-urges-open-eu-markets-amid-global-trade-tensions\/50927\/","title":{"rendered":"China Urges Open EU Markets Amid Global Trade Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Chinese President Xi Jinping<\/strong> urged the European Union to maintain open trade and investment markets for Chinese firms, emphasizing that China-EU relations are not reliant on third parties and that the EU should respect China&#39;s core interests.<\/li>\n<li><strong>U.S. President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> reiterated plans for tariffs ranging from 15% to 50% on various countries, including the EU, while indicating potential for lower tariffs if the EU opens up to U.S. businesses. The U.S. has threatened a 30% tariff on EU goods from August 1, 2025.<\/li>\n<li><strong>Deutsche Bank (<a href=\"\/stock\/DB\">DB<\/a>)<\/strong> reported a significant quarterly profit beat, with net profit attributable to shareholders rising to <strong>\u20ac1.49 billion<\/strong> in Q2 2025, compared to a loss of \u20ac143 million a year prior.<\/li>\n<li><strong>BNP Paribas (<a href=\"\/stock\/BNP\">BNP<\/a>)<\/strong> also posted better-than-expected profits, boosted by strong performance from its fixed-income traders.<\/li>\n<\/ul>\n<p>Chinese President <strong>Xi Jinping<\/strong> has called for deeper strategic communication and mutual trust between China and the European Union, asserting that there are &quot;no fundamental conflicts of interest&quot; between the two major global players. Speaking on Thursday, Xi emphasized that China-EU relations are &quot;neither targeted at nor reliant on third parties,&quot; urging the EU to respect China&#39;s core interests and major concerns. He also stated that current challenges faced by the EU do not stem from China, highlighting the need to appropriately manage differences and frictions.<\/p>\n<p>Xi expressed hope that the EU would keep its trade and investment markets open, cautioning against the use of restrictive economic and trade measures. China is keen to collaborate with the EU on critical areas such as artificial intelligence (AI) and climate change, while also advocating for strengthened green and digital partnerships alongside mutual investment and cooperation.<\/p>\n<p>Meanwhile, <strong>U.S. President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> has continued to push for &quot;straight, simple tariffs&quot; on goods from various countries, ranging from 15% to 50%. Trump indicated that the U.S. is engaged in &quot;serious talks&quot; with the EU, suggesting that if the bloc agrees to open its markets to U.S. businesses, they could face lower tariffs. The U.S. is planning to introduce a 30% tariff on EU goods starting August 1, 2025, a figure that has increased from an initially planned 20%. This comes as the EU is reportedly preparing retaliatory tariffs on <strong>\u20ac72 billion<\/strong> ($84 billion) worth of U.S. goods.<\/p>\n<p>In corporate news, <strong>Deutsche Bank (<a href=\"\/stock\/DB\">DB<\/a>)<\/strong> announced a strong second quarter, with profit before tax reaching <strong>\u20ac2.42 billion<\/strong>, significantly higher than the \u20ac411 million reported last year. The German lender&#39;s net profit attributable to shareholders was <strong>\u20ac1.49 billion<\/strong> for the quarter, a substantial turnaround from a loss of \u20ac143 million in the same period last year, surpassing analyst expectations. CEO Christian Sewing affirmed that these results position the bank to meet its 2025 targets.<\/p>\n<p>French banking giant <strong>BNP Paribas (<a href=\"\/stock\/BNP\">BNP<\/a>)<\/strong> also reported better-than-expected profits for the second quarter. The bank&#39;s performance was significantly boosted by its fixed-income traders, despite a slump in equities amidst market volatility triggered by U.S. tariff announcements. Revenues for Q2 2025 reached <strong>\u20ac12.58 billion<\/strong>, a 2.5% increase year-over-year.<\/p>\n<p>Separately, <strong>Nestle (<a href=\"\/stock\/NESN\">NESN<\/a>)<\/strong> reported that its sales rose in the first half of 2025, primarily driven by price hikes that helped to offset sluggish volumes. The world&#39;s largest packaged food company posted better-than-expected organic sales growth of <strong>2.9%<\/strong> in the first half, beating analyst forecasts of 2.8%. Total reported sales, however, decreased by 1.8% to <strong>44.2 billion Swiss francs<\/strong> ($55.79 billion) due to negative foreign exchange impacts. The company also announced a strategic review of its underperforming mainstream and value brands within its Vitamins, Minerals, and Supplements business, which could lead to divestments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Chinese President Xi Jinping urged the European Union to maintain open trade and investment markets for Chinese firms, 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