Trump also raises world trade, Europe sees an opportunity

President Trump has great ambitions for the global trading system and uses definitions to try and rebuild it. But the European Union takes action after taking action to ensure that the continent is in the center of any world after that.

As one of Great Globe Most of the open economies, the European Union has a lot on the line because the rules of trade are subject to stability once in the generation. Its companies benefit From sending their cars, medicines and machines abroad. Its consumers benefit from American search engines and foreign fuel.

These high risks are not lost in Europe.

Ursula von der Lin, President of the European Commission, has spent the executive arm of the European Union, the past few weeks on calls and in meetings with global leaders. She and her colleagues wander around deepening and hitting commercial agreements. They discuss how they can reduce barriers between individual European countries.

They speak strongly in China, in an attempt to ensure that it does not get rid of minerals and chemicals chemicals in the European market because it loses access to American customers because of a high Trump tariff.

It is an explicit strategy, aimed at leaving the stronger economic power and is increasingly the increasing America. As Mrs. von der Layen and her colleagues regularly indicate, the American consumer market is great-but not everything.

“The United States is 13 percent of the trade of global commodities,” said Marus Svkovic, the European Union Trade Commissioner, in a speech. The goal “is to protect the 87 percent and to ensure that the World Trade System prevails for our rest.”

Success is far from a guarantee. America is still the largest economy in the world and a decisive resource for military technology and the leadership of Europe. There is no real hope for replacing it in those roles overnight. The axis of Mr. Trump is unlikely to be painless.

But non -change is not an option, as Mrs. von der Lin admitted in an interview with the Times financial this week.

“I mean, never lost a good crisis,” she said.

Expanding a group of friends.

Europe has made clear that it is keen to negotiate with the United States. Mr. Sivkovic traveled to Washington repeatedly and intends to return to the United States on Monday. Olov Jill, a European Commission spokesman, said on Friday that the goal is to work on “the results of the victory.”

The mass flows islands such as cutting customs tariffs on cars and other industrial products, and encouraging US LNG purchases. It also threatens revenge if negotiations fail.

But seeking to achieve a deal is just part 1 of the strategy. Part 2? Create new friendships.

Europe has spent time since Mr. Trump was re -elected to work on a strike or improve trade relations with various partners. The officials were dragging with Mexicoand Indiaand South Koreaand South Africa and Central AsiaFor example, but not limited to. The European Union announced only Thursday that it will start Free employment discussions With the United Arab Emirates.

Mrs. von der Lin spoke to Mark Carney, the new Canadian Prime Minister.

“I have reaffirmed the strong European Union’s commitment to a predictable trade, and expressed its determination to work closely with Canada to reform the global trading system,” said the bloc in statement.

Dealing with China.

The European Union and the United States agree that the current trading system has failed to prevent China from supporting production, allowing it to unload inexpensive products in other markets in a way that prevents local producers from work.

Mrs. von der Lin was clear that the changes in the rules of trade are now inevitable.

FT told that when it came to the World Trade Organization-the beating heart of the system based on the rules that dear Europe has-the goal was to “update, reform and stability”.

Mrs. von der Layen confirmed that Europe will be in monitoring as the United States and China are involved in a comprehensive trade battle. China said on Friday Its tariffs on American goods were raising to 125 percent of 84 percent, and she was able to take revenge for the third time in the trade war between the great powers.

European officials are concerned that Chinese companies will send minerals, chemicals and other products that accelerate the continent, with American agents out of reach. The European Union prepared “Import monitorTo ensure that it can discover – and respond to – potential dumping.

When Mrs. von der Layen spoke to the Chinese Prime Minister earlier this week, Beijing urged negotiating with the United States and stressed that China needs to work on long -term structural solutions to balance its commercial relations, The European Union said.

Some European leaders – including Prime Minister Pedro Sanchez from Spain – were paying To reinforce China and European Union relations in a world of turmoil. Experts said it is equal, if not more likely, that commercial tensions between the two will increase within all pressure.

But will you work?

However, the main strategy of Europe is clear: it is pushing for an agreement with the United States, but it also realizes that the world is on the threshold of change and hopes to ride this transformation to success.

One question is whether all of her new alliances will lead to Mr. Trump. The US President has already implemented social media about making the deal in Europe.

“If the European Union is working with Canada to cause economic harm in the United States of America, the customs tariff will be widely placed, much larger than it is currently, both,” it is. He wrote about social truth In late March.

So far, it seems that this threat has not done much to deter the conversations.

There is always the fact that Europe depends on US cooperation for more than just trade. Even if he can replace American customers and raw materials with other markets, American military support is still crucial in both war in Ukraine and the North Atlantic Treaty Organization.

But at the present time, it seems that the European Union accepts the rules about to rewrite. Given this, its leaders seem to do what they can to make sure that when it happens, they keep the pen.