The Trump Trade Threat Could Unite the Rest of the World, EU Official Says
- EU market-opening push wins allies globally, commissioner says
- New impetus for EU trade deals in Asia, Mideast, Latin America
EU's Katainen Says It's In Our DNA to Support Freer Trade
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U.S. President Donald Trump’s protectionist stance may propel Asian, Middle Eastern and Latin American economic powers into market-opening alliances with the European Union, a top EU official said.
Jyrki Katainen, a vice president of the European Commission, the EU’s executive arm, said Trump’s rejection of multilateral commercial deals and border-tax threat are giving impetus to the 28-nation bloc’s push for free-trade or investment pacts with countries including Japan, China, India, Saudi Arabia, the United Arab Emirates, Mexico, Brazil and Argentina.