{"id":64523,"date":"2025-05-01T02:36:09","date_gmt":"2025-05-01T02:36:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/64523\/"},"modified":"2025-05-01T02:36:09","modified_gmt":"2025-05-01T02:36:09","slug":"trumps-trade-policy-offers-the-eu-an-unexpected-opportunity-if-it-can-grab-it-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/64523\/","title":{"rendered":"Trump\u2019s trade policy offers the EU an unexpected opportunity \u2014 if it can grab it \u2013 POLITICO"},"content":{"rendered":"

This is particularly true of countries that share similar values and interests with the EU, such as the U.K., Canada, Japan, South Korea and Australia, but there\u2019s also a chance to strengthen trade relations with others. Talks are already underway with India, and opportunities to balance trade with China, which has been severely affected by U.S. sanctions, are also emerging.<\/p>\n

According to economists from the European Central Bank (ECB), expanding trade with third countries like this could help offset the impact of conflict with the U.S. However, there\u2019s also a catch. Europe won\u2019t become an attractive partner simply because it\u2019s reliable and avoids rash, unpredictable decisions. A strong economy is key to forming successful partnerships \u2014 unfortunately, the EU doesn\u2019t have one today.<\/p>\n

After the alarming competitiveness report<\/a> from former ECB President Mario Draghi, which was widely accepted in the European Parliament, EU leaders appear reluctant to implement necessary changes. Paradoxically, one reason for this could be the bloc\u2019s slightly positive economic growth outlook, supported by higher state spending in Germany and increased defense spending across much of the bloc, under the \u201cBuy European\u201d principle.<\/p>\n

But it is a fatal mistake to believe this will solve the problem. These measures increase debt, and temporary incentives can\u2019t replace the fundamental reforms Draghi called for.<\/p>\n

\"\"This is precisely what ECB President Christine Lagarde was referring to when she stated that U.S. tariffs present a unique opportunity for Europe to take its fate into its own hands \u2014 precisely what was missing from the Council\u2019s agenda. | Ronald Wittek\/EFE via EPA<\/p>\n

Moreover, the fear that leaders will put these changes on the back burner is very real, as was evident at the recent European Council meeting, where the main economic agenda just included simplifying legislation, attempting to reduce energy prices, and creating a union of savings and investments. Focusing on such regulatory changes \u2014 which are mostly aimed at cutting red tape \u2014 risks overshadowing the substantial reforms needed to truly benefit the Europe\u2019s economy.<\/p>\n

The meeting\u2019s competitiveness agenda also avoided most important \u201creform topics,\u201d and discussions lacked clear substance that could deliver quick improvements. For example, there was no mention of countries supporting agreed trade facilitation deals or of reforms like removing barriers to the single market.<\/p>\n","protected":false},"excerpt":{"rendered":"This is particularly true of countries that share similar values and interests with the EU, such as the…\n","protected":false},"author":2,"featured_media":64524,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[472,2437,6641,6215,32,33108,23433,2000,6562,299,5187,1195,33109,6861,479,1201,6862,1219,49],"class_list":{"0":"post-64523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-christine-lagarde","9":"tag-companies","10":"tag-competitiveness","11":"tag-cooperation","12":"tag-donald-trump","13":"tag-economic-governance","14":"tag-economic-performance","15":"tag-eu","16":"tag-eu27","17":"tag-europe","18":"tag-european","19":"tag-growth","20":"tag-mario-draghi","21":"tag-single-market","22":"tag-tariffs","23":"tag-trade","24":"tag-trade-agreements","25":"tag-trade-war","26":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114430252404724539","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/64523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=64523"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/64523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/64524"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=64523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=64523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=64523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}