Strengthening Transatlantic Bonds

In a recent statement at Davos, Spanish Prime Minister Pedro Sanchez emphasized the detrimental effects a trade war could have on both the European Union and the United States. "Our economies are deeply interconnected," Sanchez noted, advocating for a focus on enhancing the transatlantic relationship rather than engaging in a "zero-sum game."

Trump's Tariff Threats

This discussion arises amidst US President Donald Trump's threats to impose tariffs on the EU, criticizing its trade practices. In response, Valdis Dombrovskis, the European Commission's Executive Vice-President for Trade, stated the EU's readiness to respond proportionately if necessary.