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

Solace or silence? Not all families of fallen get Trump call
Solace or silence? Not all families of fallen get Trump call

WASHINGTON (AP) - Some got sympathy and solace. Some got silence. One got a promise of cash.

Trump Freaks Out After FBI Confirms Comey Wrote Clinton Exoneration Letter
Trump Freaks Out After FBI Confirms Comey Wrote Clinton Exoneration Letter

President Donald Trump still can't seem to move past last year's FBI investigation into 2016 election opponent Hillary Clinton's use of a private email server.

Trump Claims Congresswoman Lied About His Call To Army Widow
Trump Claims Congresswoman Lied About His Call To Army Widow

President Donald Trump on Wednesday accused Rep. Frederica Wilson (D-Fla.) of fabricating the claim that he told the widow of a soldier killed in combat that she "must've known what he signed up for."

Senators reach deal on resuming payments to health insurers
Senators reach deal on resuming payments to health insurers
  • Tech
  • 2017-10-17 19:30:01Z

Key senators reached a breakthrough deal Tuesday on resuming federal payments to health insurers that President Donald Trump has blocked. Insurers had warned that unless the money is quickly restored, ...

Trump issues warning to McCain after senator
Trump issues warning to McCain after senator's tough speech

President Donald Trump on Tuesday issued a warning shot after Republican Sen. John McCain questioned "half-baked, spurious nationalism" in America's foreign policy. Trump said in a radio interview ...

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.