EU ‘ready to negotiate’ with US but planning how to defend interests, says von der Leyen – Europe live
European Commission president says Europe ‘is always ready for a good deal’ but is ‘also prepared to respond through countermeasures’Outgoing German economy minister Robert Habeck is not mincing his words this morning in response to a question on US tariffs and how they were calculated.He says:“The calculations, from my point of view, are nonsense. Even the basis of the calculation is nonsense. The assumption that a trade budget surplus or deficit is a problem in itself, is a wrong estimation, because in the end, globalisation serves all economies, and especially the American economy, [which] has [seen] huge growth figures in GDP, better than a lot of European countries. So you see, if we the rest of the world, are selling cheaper goods to the American economy, it’s of use of the American economy. Continue reading...
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European Commission president says Europe ‘is always ready for a good deal’ but is ‘also prepared to respond through countermeasures’
Outgoing German economy minister Robert Habeck is not mincing his words this morning in response to a question on US tariffs and how they were calculated.
He says:
“The calculations, from my point of view, are nonsense. Even the basis of the calculation is nonsense.
The assumption that a trade budget surplus or deficit is a problem in itself, is a wrong estimation, because in the end, globalisation serves all economies, and especially the American economy, [which] has [seen] huge growth figures in GDP, better than a lot of European countries. So you see, if we the rest of the world, are selling cheaper goods to the American economy, it’s of use of the American economy. Continue reading...
