Feb 24 • 12:16 UTC 🇫🇮 Finland Ilta-Sanomat

Expert: Trump's setback could give an advantage to Europe

An expert suggests that President Trump's tariff negotiations may provide the EU with leverage in trade discussions.

Timo Vuori, the leader of the Confederation of Finnish Industries, has indicated that the recent tariff negotiations by U.S. President Donald Trump could open up opportunities for the European Union to strengthen its position in trade discussions. The EU has postponed the processing of a trade agreement established last summer in Scotland due to Trump's threats regarding tariffs. This has created a unique leverage for the EU in the negotiations, as Trump has promised zero tariffs for farmers and industry in Europe, although this has yet to materialize.

According to Vuori, the ongoing uncertainties caused by Trump's tariffs are destabilizing the international trade landscape, but they also provide the EU with a chance to reassess its negotiating strategy. He suggested that the EU Parliament and Commission might consider taking a step back and re-evaluating their approach to the trade agreement with the United States. By possibly updating the terms of the trade deal, the EU could emerge in a stronger negotiating position.

As these developments unfold, the implications for transatlantic trade relations could be significant, especially if the EU manages to leverage the current uncertainty. This situation represents a critical juncture for trade discussions between the EU and the U.S., highlighting the delicate balance of power that can shift with changes in leadership and policy directions.

📡 Similar Coverage