EU and US: Strategic Allies in Challenging Times

At the World Economic Forum in Davos, Switzerland, Valdis Dombrovskis, European Commission Executive Vice-President and Trade Commissioner, highlighted the enduring strategic partnership between the European Union and the United States. This comes in response to President Donald Trump's announcement of new import tariffs on European goods, signaling a potential shift in transatlantic trade relations.

Trump's Discontent with EU Trade Practices

President Trump has voiced his dissatisfaction with the EU's trade practices, accusing the bloc of treating the US unfairly. Citing a $350 billion trade deficit, Trump argues that the US has been at a disadvantage in its trade dealings with the EU. This has led to increased tensions and a reevaluation of the trade relationship between these two major global powers.

More developments are expected as both sides navigate through these challenging trade discussions.