INTERNATIONAL

EU Prepares for US Trade Talks : EU Set for Challenging Trade Negotiations with US, Claims Ursula von der Leyen

EU Set for Challenging Trade Negotiations with US, Claims Ursula von der Leyen
Brussels, Feb 5 (NationPress) European Commission President Ursula von der Leyen stated that the EU is poised for challenging negotiations with the US to protect its economic interests.

Synopsis

On Feb 5, European Commission President Ursula von der Leyen declared the EU's readiness for tough negotiations with the US to protect its economic interests, emphasizing the significant impact of transatlantic trade on jobs and industries.

Key Takeaways

  • EU is ready for tough negotiations with the US.
  • Millions of jobs rely on EU-US trade relations.
  • Total trade volume between EU and US is $1.5 trillion.
  • EU will defend its economic interests firmly.
  • Tariffs disrupt global trade and hurt all parties.

Brussels, Feb 5 (NationPress) European Commission President Ursula von der Leyen stated that the European Union (EU) is ready for challenging discussions with the US to protect its economic interests.

These comments followed the announcement by US President Donald Trump regarding plans to impose tariffs on EU imports.

In addressing transatlantic trade relations, von der Leyen emphasized the significant economic connections between the two entities, pointing out that millions of jobs are dependent on this partnership, as reported by Xinhua news agency.

She noted, "European companies in the US employ 3.5 million Americans, and another million American jobs rely directly on trade with Europe. The total trade volume between us is $1.5 trillion," during a gathering of EU ambassadors.

She highlighted that both regions have substantial stakes in this relationship. "There are jobs, businesses, and industries here and in the US that depend on the transatlantic partnership. Therefore, we aim to make it work," she stated.

While promoting collaboration, von der Leyen made it clear that the EU is ready for tough negotiations when required. "We will prepare for challenging negotiations when necessary and strive to find solutions to address any grievances and lay the groundwork for a stronger partnership," she remarked.

She reiterated that the EU is open and pragmatic in pursuing its goals but will firmly defend its economic interests.

"We will always safeguard our own interests, whenever and however necessary. This will perpetually be the European approach," she asserted.

Previously, the European Commission criticized US President Donald Trump's tariffs on three countries, claiming they disrupt global trade and are detrimental to all, pledging to retaliate if targeted.

"The European Union (EU) regrets the US's decision to impose tariffs on Canada, Mexico, and China," an EU spokesman was quoted saying by local media.

He underscored the importance of "open markets and adherence to international trade rules," which he stated are crucial for robust and sustainable economic growth. "Tariffs induce unnecessary economic disruption and inflate prices. They adversely affect all parties involved," he concluded.

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