Event Summary
On February 19, AEI’s Michael R. Strain and Stan Veuger hosted Maroš Šefčovič, European commissioner for trade and economic security, for a discussion on transatlantic trade and economic security. Commissioner Šefčovič highlighted the EU’s commitment to free trade, noting its status as the world’s largest trading bloc and a key US partner. He emphasized the mutual benefits of EU-US trade, citing energy imports, defense collaboration, and manufacturing dependencies.
Addressing potential US tariff increases, Commissioner Šefčovič stated that while the EU remains open, it will respond swiftly to unjustified tariffs. He underscored that EU regulations on technology and taxation are not discriminatory but aim to protect small businesses and consumers. On broader trade issues, he reaffirmed EU commitment to World Trade Organization rules while advocating for modernization.
During the Q&A, Commissioner Šefčovič welcomed discussions on lowering tariffs, addressed discrepancies in US and EU economic data, and expressed confidence in Germany’s next government strengthening European defense and economic policies. He reiterated the importance of cooperation, emphasizing that EU-US economic ties should be preserved rather than disrupted. The event concluded with a call for continued dialogue to prevent trade conflicts.
—Jensen Ahokovi
Event Description
The second Trump administration has announced and threatened to enact a range of disruptive and broadly protectionist trade policy changes. As America’s allies and trading partners consider their response, uncertainty reigns.
AEI’s Michael R. Strain and Stan Veuger welcome Maroš Šefčovič, European commissioner for trade and economic security, for a conversation about economic security, trade policy, and EU-US cooperation.
Event Materials