{"id":132994,"date":"2019-09-28T18:20:11","date_gmt":"2019-09-28T18:20:11","guid":{"rendered":"https:\/\/www.bnreport.com\/eu-trade-boss-malmstrom-says-america-is-not-enemy-territory\/"},"modified":"2019-09-28T18:20:11","modified_gmt":"2019-09-28T18:20:11","slug":"eu-trade-boss-malmstrom-says-america-is-not-enemy-territory","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eu-trade-boss-malmstrom-says-america-is-not-enemy-territory\/","title":{"rendered":"EU trade boss Malmstr\u00f6m says America is not enemy territory"},"content":{"rendered":"<p>Despite signs that Europes tariff war with Washington is poised to worsen in the weeks ahead, the EUs outgoing trade chief wants to reassure her successor that he will find significant allies in the United States.<\/p>\n<p>In a valedictory interview with POLITICO, Europes Commissioner for Trade Cecilia Malmstr\u00f6m admitted that some of U.S. President Donald Trumps top trade officials have an \u201cold fashioned\u201d fixation with reducing deficits through tariffs, but said that Brussels still has significant allies in Congress and among business leaders.<\/p>\n<p>Washington has already rolled out tariffs on European steel and aluminum and is soon expected to announce duties on billions of euros of EU goods in a <a href=\"https:\/\/www.politico.eu\/pro\/airbus-warns-trump-hes-shooting-himself-with-a-tariff-war-trade\/\" rel=\"noreferrer noopener\" target=\"_blank\">tit-for-tat battle over subsidies<\/a> for the aerospace giants Airbus and Boeing. Trump is also threatening to hit the European car industry with high tariffs over what he describes as an unfair playing field in the auto trade.<\/p>\n<p>All of those transatlantic tensions are expected to land squarely on the desk of Phil Hogan, the Irish <a href=\"https:\/\/www.politico.eu\/pro\/5-big-questions-on-the-eus-new-trade-supremo\/\" rel=\"noreferrer noopener\" target=\"_blank\">nominee for trade commissioner<\/a>, who will face a parliamentary hearing on Monday.<\/p>\n<p>\u201cUnfortunately, I havent managed to leave that portfolio in total order for my successor,\u201d Malmstr\u00f6m quipped, when asked about relations with the U.S.<\/p>\n<p>While the Swede has scored big wins in her tenure with landmark deals \u2014 including breakthroughs in accords with Canada, Vietnam, Japan and the South American Mercosur bloc \u2014 she also tried to push for a \u201cvalue-based\u201d approach to trade that is at odds with the transactional approach of the Trump administration.<\/p>\n<p>Under her mandate, the EU has included in its new trade agreements an obligation to ratify the Paris climate deal. Malmstr\u00f6m has also pushed for gender equality and is aiming to include language on womens rights in future agreements with Chile and New Zealand. \u201cJust by <a href=\"https:\/\/trade.ec.europa.eu\/doclib\/events\/index.cfm?id=2030\" rel=\"noreferrer noopener\" target=\"_blank\">putting it on the agenda<\/a>,\u201d the EU could nudge countries and companies to empower women, Malmstr\u00f6m said.<\/p>\n<p>Despite these attempts to modernize trade policy, Malmstr\u00f6m also spent much of her time striking <a href=\"https:\/\/www.politico.eu\/pro\/europe-braces-for-trump-trade-war\/\" rel=\"noreferrer noopener\" target=\"_blank\">a far more defensive position against the Americans<\/a>.<\/p>\n<p>\u201cYou have to be very patient,\u201d when dealing with Trump and his officials, Malmstr\u00f6m said, with a grin. Over the past two years, she has talked dozens of times with her counterparts Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer, in a constant effort to avert a full-blown conflagration.<\/p>\n<p>\u201cWe do talk regularly, we have contacts and even if we disagree. Theres an ongoing conversation with Ambassador Lighthizer who I have met many times and speak to over the phone. And, you know, we talk,\u201d she said.<\/p>\n<p>The problem is that despite these regular contacts with his closest advisers, Trumps motives remain unclear. \u201cWho thinks what in the administration is hard to know \u2026 its become a bit unpredictable. Its clear that the U.S. administration likes tariffs, and they think that tariffs can be used for all kinds of things \u2026 They have also this notion that trade is only measured by deficits or surplus, which is a bit old-fashioned, in our view,\u201d she added.<\/p>\n<p>But the EU trade chief was willing to strike an optimistic note for Hogans negotiations: Look past Trump, she said, and you will realize that Europe has more friends in Washington than youd think \u2014 and thats what will spare Europe the sort of trade war the U.S. has started with China.<\/p>\n<p>\u201cThe difference is that \u2014 I mean, we talk a lot about the U.S. admini<a href=\"https:\/\/www.politico.eu\/article\/eu-trade-boss-malmstrom-says-america-is-not-enemy-territory\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite signs that Europes tariff war with Washington is poised to worsen in the weeks ahead, the EU..<\/p>\n","protected":false},"author":1,"featured_media":132995,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-132994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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