With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union.
div > div.group > p:first-child"> Those worries came as the U.S. and some of its European allies recently clashed on issues such as Huawei's role in 5G development — something the administration of President Donald Trump considered contentious.
"That would be a mistake, if that is the position that Washington is going to take, that is a mistake. And the fundamental reason is that when you look at our common concerns — the U.S. and European concerns about China — we probably agree on 90 percent," Gardner told CNBC's Martin Soong on Tuesday at the Credit Suisse Global Supertrends Conference in Singapore.
Trump had reportedly pressured American allies to bar Huawei from building 5G infrastructure, warning that the tech company's equipment could be used for espionage by the Chinese government. But European nations such as Germany have not excluded Huawei from their national plans for 5G. Gardner said he regrets that the U.S., under the Trump administration, has seemingly chosen to view the EU as foe. He added that the two economies should work together even more, especially when it comes to tackling concerns about China's trading practices.
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