HomeEconomy"Absurd, unfair, counterproductive and recessive": Laurent Saint-Martin does not understand the "commercial...

“Absurd, unfair, counterproductive and recessive”: Laurent Saint-Martin does not understand the “commercial war” of Trump and calls “the balance of power”

In BFMTV, the minister delegated by foreign trade returns to negotiations on customs surcharge of 30% against European imports on August 1. However, he says “prudently optimistic.”

“It is a confrontation.” Laurent Saint Martin, the Delegate Minister of Foreign Trade, does not hide the difficulties that France and the European Union have to negotiate with the Trump administration.

Remember that the US President led Europeans last weekend to announce 30% customs tariffs in all EU imports from August 1.

Europe still has the hope of finding a negotiated solution with the United States before this deadline, but in BFMTV this Friday, the minister recognizes: “At the moment we cannot find the correct conditions of an agreement that makes it possible to protect the interests of both parties.”

“Money time”

For Laurent Saint Martin, these negotiations are difficult “for the change of the regular discourse of the US president. There, we are in the” money time “, we need an agreement and they all understood.”

However, despite these difficulties, the minister says that he is “prudently optimistic” to sign an agreement before August 1.

Meanwhile, “Europe should not be done and we need to carry out a balance of power, in addition to Trump invites the balance of power, there is no helplessness by Europe, we must not be ashamed of who we are, we can retaliate,” he emphasizes the minister, evoking the possible courses of commission prices of the commission of up to 72 billion euros.

Remember that the European Union is preparing to attack the American services sector, including “technology”, in case of failure of commercial negotiations with Washington, they said Thursday, July 17 in AFP. France is pressing to go even further using “the anti-coercion instrument” that could further turn on the commercial war.

Author: Olivier Chicortiche
Source: BFM TV

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