Can Europe still compete with the US and China? | Business and Economy | Al Jazeera

Author: aljazeera.comPublished on: October 1, 2026Country: United Kingdom
Business & Economy
Can Europe still compete with the US and China? | Business and Economy | Al Jazeera

Europe is under increasing pressure from the US and China as it struggles to remain competitive. Tensions with Washington are rising over tariffs, defense spending, and Greenland, while Beijing controls key supply chains and raw materials Europe depends on. Despite having a single market of 450 million consumers, Europe needs deep reforms and massive investments to close its competitiveness gap.

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