EU must seek new trade deals if U.S. looks inward: Eurogroup president




Eurogroup President Dijsselbloem arrives at a euro zone finance ministers meeting in Brussels
Eurogroup President Dijsselbloem arrives at a euro zone finance ministers meeting in Brussels

AMSTERDAM (Reuters) - The European Union will have to establish new trading partnerships if its traditional economic and political ally the United States heads down a path of protectionism, Eurogroup President Jeroen Dijsselbloem said on Tuesday.

"We don't yet know if that is going to happen," Dijsselbloem told the RTL broadcaster. "Europe must not sit back and blindly wait for what happens in the United States, but move ahead itself, also in the area of trade."

Dijsselbloem's comments came amid a backlash in the European Union and beyond to U.S. President Donald Trump's early policy moves, including withdrawing from the 12-nation Trans-Pacific Partnership (TPP) trade pact.

He said that while the United States remained a key trade partner it would be sensible for the EU to finalize trade deals being negotiated with Asia, Latin America and Africa.

"Our cooperation with China. ..is very important. Economically, increasingly important, but also politically," he said.

"If the U.S really opts for a more protectionist, inward-looking approach ... (and) is no longer a supporter of trade and cooperation, Europe will have to take on that role with determination."


(Reporting By Anthony Deutsch; Editing by Janet Lawrence and Richard Lough)

COMMENTS

More Related News

Trump
Trump's UN envoy often off-message, seems in his good graces

WASHINGTON (AP) - Nikki Haley didn't wait to take office as U.S. ambassador to the United Nations to break with the Trump administration's foreign policy stances.

Samantha Bee
Samantha Bee's show briefly upstages correspondents' dinner

WASHINGTON (AP) - Washington's once-glitzy "nerd prom" was briefly upstaged Saturday as comedians and Hollywood stars gathered for jokes and jests about President Donald Trump for a tongue-in-cheek event to counter the annual White House Correspondents' Dinner.

N. Korean missile test fails hours after UN meeting on nukes
N. Korean missile test fails hours after UN meeting on nukes
  • World
  • 2017-04-29 21:02:05Z

SEOUL, South Korea (AP) - A North Korean mid-range ballistic missile apparently failed shortly after launch Saturday, South Korea and the United States said, the third test-fire flop just this month but a clear message of defiance as a U.S. supercarrier conducts drills in nearby waters.

Trump aims to expand US offshore drilling, despite low industry demand
Trump aims to expand US offshore drilling, despite low industry demand
  • World
  • 2017-04-28 20:41:02Z

By Valerie Volcovici WASHINGTON (Reuters) - U.S. President Donald Trump signed an executive order on Friday to extend offshore oil and gas drilling to areas that have been off limits - a move meant to boost domestic production but which could fall flat due to weak industry demand for the acreage. The

MS-13 street gang grips Long Island suburbs in violence
MS-13 street gang grips Long Island suburbs in violence
  • World
  • 2017-04-28 20:33:21Z

BRENTWOOD, N.Y. (AP) - Late at night, when helicopters thrum overhead and spotlights beam down onto lawns, many people here know exactly what's going on.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Europe

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.