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The trade relationship between China and the US has been deteriorating, a trend that began during the Trump administration and has continued under Biden. While the EU has been more cautious in its approach, its patience with China’s trade practices is wearing thin, leading to potential further strain in the trade relationship between China and the West.
At the end of 2020, the trade turnover between the Benelux countries and China amounted to about USD 98 billion, of which USD 26.09 billion accounted for exports to China and USD 71.86 billion - for import.