Wednesday, January 29, 2025
Home Europe EU should negotiate with US, China with 'gun in pocket', says Pascal...

EU should negotiate with US, China with ‘gun in pocket’, says Pascal Lamy


The US and China pose existential challenges for the EU, former Director-General of the World Trade Organization (WTO), Pascal Lamy tells Euronews’ Europe Conversation.

ADVERTISEMENT

The return of Donald Trump to the White House along with China pose existential challenges for the EU on trade, and the bloc must negotiate, but with a gun in its pocket, the former World Trade Organization (WTO) Director-General Pascal Lamy has told Euronews.

“We now have two big elephants in the world, China and now the United States who want to overhaul the system. To do what? Unclear,” Lamy, a former EU trade commissioner, told Euronews’ Europe Conversation.

“They both say this system [the WTO] is not good for us and we need to use the power we have to change it, and yes of course that puts the EU, which is the epitome of a regulator – disciplined, ordoliberal system – in a bind,” he said.

The President of the Jacques Delors Centre’s Advisory Board said he is “worried about the world” and about whether the EU will be able to overcome this “existential” challenge.

US President Donald Trump has threatened to apply 25% tariffs on Mexico and Canada, and in addition to threats to impose further tariffs on China and the EU.

“That’s my experience of negotiating with the US and China and other big shots, when I was in this business. You should do that with a gun in your pocket,” Lamy warned.

He believes the EU has the means to retaliate thanks to its large market. “US exporters of a number of products will have problems if we retaliate,” he said.

Stay tuned and listen to the full interview in next week’s episode of The Europe Conversation to get more insights on trade, the EU, China and the environment.



Source link

Must Read

A Ahmedabad, en Inde, un salon de thé au milieu des tombes et sous une toile de maître

En face de la mosquée Sidi Saiyyed, le Lucky Tea Stall pose ses tables au milieu d’un cimetière musulman et a acquis une...
video

"I'm The Best Aura Moments ☠️💯…#trollface #edit #troll

"I'm The Best Aura Moments ☠️ ...#edit #trollface #shorts #memes #fypシ゚ #aura #Trollface #shorts #memes #edit Related:- ... source

Abramovich accused of dodging millions in tax through yacht scheme

The Russian billionaire denied knowledge of the arrangement, saying he was not personally responsible or...

Italie : Giorgia Meloni visée par une enquête après l'expulsion d'un responsable libyen

La Première ministre italienne Giorgia Meloni a annoncé mardi être visé par une enquête après l'expulsion d'un responsable libyen, accusant les magistrats de...