Current geoeconomic trends show that Europe is actively drifting toward Asia. Tired of trade instability and political pressure from the United States, Brussels has begun reorienting its foreign economic strategy, forming alliances in the eastern direction. This trend manifested in a number of events on July 11, 2025. The first signal came from JPMorgan Chase CEO Jamie Dimon, who said that Europe is losing the competitive race to the US and China. He noted that the region's GDP fell from 90% of the U.S. level to 65% over the past 10 years (https://www.ft.com/content/8c9d5079-bef8-450e-937b-7d672ccbd525). This is not only an economic, but also a symbolic signal — Europe is losing influence and investor confidence. Another factor is climate threats. According to a study by the international NGFS network, extreme weather events like floods and droughts could reduce the eurozone's GDP by 5% over five years (https://www.reuters.com/sustainability/cop/extreme-weather-could-cause-5-drop-euro-zone-gdp-bank-watchdogs-find-2025-07-09). This equates to the scale of the 2008 recession. The Bank of England has already acknowledged that climate risks are not a theory, but a reality. Deputy Bank Governor Sarah Breeden stated that climate fluctuations are causing inflationary pressure, disrupting logistics and driving up food and energy prices (https://www.ft.com/content/947fd05f-5fbb-40d1-b341-c641d438cbe4). Meanwhile, the EU faces geopolitical challenges. Amid trade conflicts with the US, China is making diplomatic moves, urging the EU to 'make fewer accusations' and to cooperate more (https://www.reuters.com/world/china/china-hopes-eu-will-make-fewer-accusations-market-access-2025-07-10). Beijing is clearly betting on weakening transatlantic ties. Finally, more experts are discussing Europe's potential entry into Asian trade unions such as CPTPP. This is a strategic step that could fundamentally alter the global economic balance (https://theweek.com/business/economy/europe-pivot-asia-trade). Thus, if America rejects Europe, it finds an alternative in Asia. This 'Pivot to the East' is not only a response to current challenges, but also a strategic reorientation driven by long-term interests.
Analytics
That's Who I Am — If You Don't Want Me in America, I'll Go to Asia
Published : 11.07.2025