Donoho: The US drawings have suspended an opportunity for Europe to find an alternative solution with Trump
Pascal Donoho, president of the eurojroup, said the European Union intends to take advantage of the period of US Customs duties for a 90 -day period to find an alternative solution at President Donald Trump. Pascal Donoho, who heads the financial ministers’ meetings in the eurozone, described the temporary period of Stop as a ” window of opportunities’, saying that Brussels’ will try to see if we can reach a solution by negotiating as an alternative to the current path, which can lead everyone to a world that has been in the past year. For “damage” in the United States, and repeatedly emphasized that the surplus in trade with the commodities reached by the block is proof of an unfair relationship. The European Union is the largest commercial partner for the United States. Focusing on the economy and raising the competitiveness, Polish Finance Minister Andie Domsky told reporters at a meeting of the European Union’s finance ministers in Warsaw: “I think the best response on our part is to focus on the European economy itself and focus on restoring competitiveness in Europe.” He added: “I think we need a real European response, and I don’t want to see a continuous escalation between the parties regarding the support of industries.” Likewise, Donuho said he was still “very confident that the economic foundations for the eurozone are strong and flexible.” The European Union said on Thursday that it was postponing the implementation of the duties against anti -measures it intends to impose the United States, in response to the fees that Trump imposed 25% on the execution of the group and aluminum blocks last month. The move came a few hours after Trump announced a temporary 90 -day stop before the application of ‘Customs’ customs with 20% was announced to almost all exports of the European Union. This percentage will now become 10%. The European Union is ready to respond, the Economic Commissioner of the European Union, Valdis Dombrovscis, told reporters that if the European Union from the United States does not see “in preparation for the withdrawal of this type of identification policies, we know how to defend our economy and businesses, and we will also respond with counter material.” German finance minister Juerg Cookis and his Spanish counterpart Carlos Cuerbo also said they are ready to respond if needed. “We have enough time to negotiate, and the United States should be aware that countermeasures can be followed if a solution is not reached,” Kokis pointed out. The reaction of the European Union may not be limited to the imposition of customs duties on commodities, but can also target the services and operations of US technology companies. Dunuho said in an interview with Oliver Crook of ‘Bloomberg’ TV that we focus on negotiation and escalation “at the moment, we focus on negotiation and avoid the worst,” Dunuho said. He noted that “it is to know if we can reduce escalation and achieve better results in the future and achieve a better position than we are today, but while doing so, we must judge our trade relations with other countries.”