China has sights set on EU as the U.S. shields itself with tariffs. The EU is not so sure

Open this photo in gallery: A container ship is seen at the port in Qingdao, in China’s eastern Shandong province on April 15.STR/AFP/Getty Images Beijing's sights are set on the European Union now that Donald Trump's punitive tariffs threaten to crush trade between the U.S. and China. The EU wants new trading partners, too, but is wary about letting in an overwhelming flood of cheap Chinese imports. As Mr. Trump escalated his trade war with China, slapping the world's second-biggest economy with 145-per-cent tariffs, Chinese President Xi Jinping ramped up his European charm offensive. Last week, he hosted Spanish Prime…