(Dan Tri) – The US announced that it will aim to cooperate with the EU to deal with issues of mutual concern related to China.

US Secretary of State Antony Blinken (Photo: Reuters).

Two senior members of US President Joe Biden’s administration on May 21 spoke about cooperation with the European Union to deal with China.

Options mentioned include using additional sanctions to prevent China from `supporting Russia` in military production, as well as imposing taxes to deal with Beijing’s overproduction.

US Secretary of State Antony Blinken said the country will cooperate with the EU to continue to sanction Chinese companies that provide Russia with microelectronics and high-tech products that support Moscow’s defense industry.

`It is impossible for China, on the one hand, to claim that it wants to build better relationships with countries in Europe, and on the other hand, pose the biggest security threat to Europe since the end of the Cold War.`

Mr. Blinken described Russia as `shipping tanks, artillery and ammunition at a record pace` because of `China’s overwhelming support for Russia’s defense industrial base.`

Previously, both Russia and China rejected information that Beijing supported Moscow in the war in Ukraine, calling them baseless accusations `against normal trade activities between the two countries`.

Chinese Foreign Ministry spokesman Wang Wenbin also criticized US military aid efforts for Ukraine as `completely irresponsible`.

Hours after Mr. Blinken’s statement, US Treasury Secretary Janet Yellen said Washington and the EU `will need to continue to coordinate` to protect the two economies from `China’s industrial policy`.

Ms Yellen warned that China’s overproduction threatens companies not only in the US and Europe but also in emerging markets globally.

She said: `China’s industrial policy may seem far-fetched as we sit here in this room, but if we do not respond in a strategic and unified way, businesses in the US, Europe and beyond will

Europe is opening investigations into a series of areas of cooperation with China such as railways, solar energy, wind power and technology.

The European side suspects that Beijing’s policies to subsidize technology¬†enterprises have led to Chinese companies overproducing products beyond domestic demand.

The US and Europe are concerned that this could cause Western businesses to lose competitiveness and not be able to sell products when Chinese products flood the market.

The European side said that, if they discovered China’s subsidy measures, they would impose tariffs on Beijing’s goods appropriate to the `level of damage`.

Experts warn that China may take countermeasures and this risks leading to a trade war.