In an interview with Euronews’ Europe Conversation, Carlos Cuerpo spoke in regards to the financial impression of the current devastating floods and the way Europe ought to reply to US President Donald Trump
Spain has by no means backed down on the difficulty of auto tariffs on Chinese electrical automobiles, its finance minister advised Euronews, regardless of last-minute calls from Prime Minister Pedro Sánchez for the bloc to rethink its strategy.
In a wide-ranging interview with Euronews Europe Conversation, Carlos Cuerpo additionally spoke in regards to the financial and political impression of the “devastating” floods in Valencia and the way the EU ought to reply to the re-election of Donald Trump as US president.
“There was no U-turn”
Spain was amongst 17 EU nations that abstained or voted in opposition to introducing tariffs of as much as 45% on Chinese merchandise, as retaliation might impression its profitable pork exports. The measure was however authorized, with the help of France, Italy and the Netherlands.
Madrid supported the Commission’s investigation into whether or not Chinese subsidies had been distorting the extent taking part in area, Cuerpo mentioned.
But, he added, “we should exhaust all avenues of negotiation or talks in an effort to discover these joint options.”
“The worst-case situation is a retaliatory situation the place there is a component of escalating protectionist measures that might be to everybody’s detriment,” he mentioned.
“The argument stands, no matter the place the tariffs come from,” Cuerpo added, when requested about Trump’s promise to impose 10% import duties throughout the board.
“We will after all have interaction with the brand new American administration on this regard, attempting to be constructive and attempting to deepen an already very shut transatlantic relationship,” he mentioned.
Click on the participant above to observe the complete interview, which additionally touches on the financial and political fallout of the devastating floods in Valencia.
