China is 'laughing' at the U.S. trade wars and has the most to gain from Trump's ongoing European tariffs, top diplomat says

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• EU foreign policy chief Kaja Kallas told Bloomberg that China is the country that stands to benefit the most from a trade war between the U.S. and EU. Her comments come as the EU imposed 50% tariffs on American whiskey in retaliation for U.S. tariffs on steel and aluminum imports.

The only country benefiting from a trade war between the U.S. and the European Union is China, according to EU foreign policy chief Kaja Kallas.