Pushback from ministers of European Union countries regarding the upcoming implementation of President Trump’s tariffs – with the economic plans branded by one as ‘nonsense’.
#europeanunion #trump #tariffs
Category
🗞
NewsTranscript
00:00The calculations from my point of view are nonsense, even the basis of the calculation is nonsense.
00:06Yes, the assumption that a trade budget surplus or deficit is a problem in itself is a wrong estimation.
00:15We have an agenda with China. We have an open business agenda.
00:18But what I'm saying is that we have to fight against overcapacities and we have to protect Europe, of course, from overcapacities at the very moment of a trade war.