Europe is now spending a harsh winter due to the highest inflation in 40 years and the worst energy crisis in history.
This was compounded by price hikes. As a result, Europeans are surviving in difficult circumstances and factories and shops are closed one after another.
One of the ways to get out of the current economic crisis is to diversify external trade. This is common economic knowledge.
However, Europe is wavering in its attitude just reading the face of the “inspector,” the US.
Recently, Germany is under pressure from the US to stop China’s investment in Hamburg Port, one of the three major ports in Europe. The Netherlands has also come under pressure from Washington to limit its semiconductor manufacturing equipment export to China.
The EU and European countries should draw a lesson from the Ukrainian crisis.
The Ukrainian crisis caused by the US-led eastward advance of NATO has disturbed the security of Europe. Taking advantage of this, the US has pushed the EU and European countries into the quagmire of the Ukrainian crisis.
Let me remind you that the US used the Ukrainian situation as a good opportunity to reap a windfall by conducting a large-scale transaction while the whole of Europe is suffering a nightmare of security crisis, economic crisis and energy crisis due to the Ukrainian crisis.
As the Bloomberg news agency recently reported, the US sold its liquefied gas to Europe at four-fold price of its domestic sale despite the fact that Europe has already suffered a tremendous loss of US$ 1 trillion after giving up gas import from Russia.
According to data published by American magazine Foreign Policy, the weapons sales of the US to NATO member nations nearly doubled in 2022 as against 2021, pushing up the profit of the US munitions industry and stock prices of many enterprises to a record high.
There is a saying that “A friend in need is a friend indeed”. I am now wondering which word is proper to describe a friend who lives by racketeering his friend when he is in need now.
Moreover, the US once again revealed that there is no limit on its greed by publishing “Inflation Reduction Act”, an American-first law, taking no account of the difficult circumstances of its allies who are struggling to overcome the current economic crisis.
American newspaper The Wall Street Journal argued that the US should demand that the allies actively join its policy of restraining semiconductor development in China in return for providing them with subsidy for electric cars. The Netherlands also made an unexpected announcement that it would limit the export of semiconductor manufacturing equipment to China.
Now we can easily guess how desperately the US is working behind the curtains.
It is the evil design of the US to contain and weaken the rapid economic growth of China even at the cost of sacrificing the whole of Europe.
The total amount of trade by Germany, the Netherlands and France with China are no less than US$ 235 billion, US$ 100 billion and US$ 80 billion respectively. For them and other European countries, it is tantamount to a suicidal act to exclude China from the global industrial chain and reject the Chinese market as required by the US.
The US is instigating its allies to seek confrontation and use it as a good chance to hit the jackpot and fish in troubled waters. The EU and European countries should see through such evil intention of the US and break from their conventional habit of depending on the US at the earliest date possible.
Independent foreign policy will be the only choice for Europe.
More From Pyongyang Times
According to a recent survey researchers conducted by using AI technology, more than 300 million people will suffer from at least
December 02, 2025
According to a recent survey researchers conducted by using AI technology, more than 300 million people will suffer from at least
South Phyongan Province built a new grain transit station specializing in grain transport, storage, processing and supply. The
December 02, 2025
South Phyongan Province built a new grain transit station specializing in grain transport, storage, processing and supply. The
Valentina Matvienko, chairwoman of the Russian Federation Council, condemned the Western policy of confrontation with Russia at an
December 02, 2025
Valentina Matvienko, chairwoman of the Russian Federation Council, condemned the Western policy of confrontation with Russia at an
New houses have been built at the Mangum Greenhouse Farm of the North Hwanghae Provincial Rural Economy Committee and the Yonryu
December 02, 2025
New houses have been built at the Mangum Greenhouse Farm of the North Hwanghae Provincial Rural Economy Committee and the Yonryu
South Hamgyong Province has renovated Hamhung Stadium. The stadium equipped with stands, a referee room, players' waiting room,
December 02, 2025
South Hamgyong Province has renovated Hamhung Stadium. The stadium equipped with stands, a referee room, players' waiting room,
The national presentation of technical experience and exhibition of scientific research achievements in the agricultural sector
December 02, 2025
The national presentation of technical experience and exhibition of scientific research achievements in the agricultural sector
Rason Municipality concluded the reconstruction and modernization project of the Rason General Foodstuff Factory, true to the
December 02, 2025
Rason Municipality concluded the reconstruction and modernization project of the Rason General Foodstuff Factory, true to the
The Kosong bamboo grows in the area of Kosong County, Kangwon Province. In the late 1950s 50-odd saplings of the bamboo were
December 02, 2025
The Kosong bamboo grows in the area of Kosong County, Kangwon Province. In the late 1950s 50-odd saplings of the bamboo were
Maria Zakharova, a spokeswoman for the Russian Ministry of Foreign Affairs, recently dubbed the Western mass media patronizing the
December 01, 2025
Maria Zakharova, a spokeswoman for the Russian Ministry of Foreign Affairs, recently dubbed the Western mass media patronizing the
New houses have been built at the Ryokpho Vegetable Farm in Ryokpho District and the Oryu Vegetable Farm in Sadong District in
December 01, 2025
New houses have been built at the Ryokpho Vegetable Farm in Ryokpho District and the Oryu Vegetable Farm in Sadong District in
The Chinese permanent representative to the United Nations called for a permanent ceasefire in the Gaza Strip in a speech at an
December 01, 2025
The Chinese permanent representative to the United Nations called for a permanent ceasefire in the Gaza Strip in a speech at an
The Saesol Farm in Munchon City and the Roun Farm in Chonnae County of Kangwon Province have undergone big changes beyond
December 01, 2025
The Saesol Farm in Munchon City and the Roun Farm in Chonnae County of Kangwon Province have undergone big changes beyond
The Pyongyang Schoolchildren's Footwear Factory was built and the Pyongyang School Uniform Factory was renovated to hold
December 01, 2025
The Pyongyang Schoolchildren's Footwear Factory was built and the Pyongyang School Uniform Factory was renovated to hold
The Sunchon Building-materials Factory has been upgraded. The completion of a large-capacity building-materials production base
December 01, 2025
The Sunchon Building-materials Factory has been upgraded. The completion of a large-capacity building-materials production base
The Iranian Foreign Ministry issued a statement on November 24 to denounce Israel's air raid on Lebanon. The statement condemned
November 30, 2025
The Iranian Foreign Ministry issued a statement on November 24 to denounce Israel's air raid on Lebanon. The statement condemned
The construction of surface structures of Tanchon Port has been successfully completed. An inauguration ceremony of the port
November 30, 2025
The construction of surface structures of Tanchon Port has been successfully completed. An inauguration ceremony of the port
A symposium in the field of social sciences took place on November 27 to deeply grasp the immortal exploits performed by the
November 29, 2025
A symposium in the field of social sciences took place on November 27 to deeply grasp the immortal exploits performed by the
November 29 is World Day of Solidarity with the Palestinian People. The 32nd Session of the UN General Assembly in 1977 decided to
November 29, 2025
November 29 is World Day of Solidarity with the Palestinian People. The 32nd Session of the UN General Assembly in 1977 decided to
A spokesman for the Iranian Foreign Ministry condemned the US’ military threat against Venezuela.The US is widely advertising that
November 29, 2025
A spokesman for the Iranian Foreign Ministry condemned the US’ military threat against Venezuela.The US is widely advertising that
A friendly match between the national women’s football teams of the DPRK and Russia took place at Kim Il Sung Stadium in Pyongyang
November 29, 2025
A friendly match between the national women’s football teams of the DPRK and Russia took place at Kim Il Sung Stadium in Pyongyang
More Articles