After seven years of negotiations, China and the European Union reached the China-EU Investment Agreement late last year, which is seen as a way for China to increase its leverage against the United States in the future. However, Secretary of State Mike Pompeo criticized the investment agreement as “weak” and that the EU could not use it to protect itself from the risks posed by the Chinese Communist Party.
In a televised interview broadcast Tuesday, Pompeo said the agreement fails to “protect European workers from Chinese Communist predators. While he did not urge the EU to abandon the agreement, he made it clear the U.S. was not interested in doing the same. Pompeo said, “We (the U.S.) care about American workers, people, manufacturing and intellectual property, and signing a weak agreement would continue to allow China to engage in unfair, unbalanced and not mutually beneficial activities.”
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