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French trade minister flags defensive trade tools for Trump presidency
euronews (in English)
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21/11/2024
As the 27 trade ministers gathered for the first time since Donald Trump's re-election, the use of defensive trade tools against the US could be an option in case of Trump's aggressive trade policy, according to French minister Sophie Primas.
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00:00
One of the EU's main fears with the re-election of Donald Trump in the United States is a
00:05
return to a movement of trade instability. Protectionism or increased tariffs on European
00:12
products are among the bloc's fears. The EU says it is willing to work with Washington.
00:18
At Thursday's meeting of trade ministers in Brussels, the bloc sought to show unity.
00:22
There was an overall agreement among ministers that we must strive to work proactively with
00:30
the new US administration on transatlantic trade and investment relations.
00:36
The United States is one of the EU's largest trading partners. In 2021, transatlantic trade
00:42
reached an all-time high of 1.2 trillion euros.
00:46
Nobody wants a trade war. We are having a positive attitude towards the United States.
00:53
We both benefit from trade and the transatlantic relationship is very important for the EU
01:01
and also for the US.
01:02
During the campaign, Trump promised to impose 10% tariffs on EU exports and threatened that
01:09
the bloc would have to pay a big price if it did not buy US goods.
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