Trump’s trade policies doomed to fail: EU trade chief
European Union Commissioner for Trade Cecilia Malmstrom says US President Donald Trump’s trade policies are "doomed to fail."
Malmstrom made the remark on Tuesday, while stressing that the EU still maintains its commitment to open economies and borders.
"Those who in the 21st century think that we can become great again by rebuilding borders, re-imposing trade barriers, restricting people's freedom to move, they are doomed to fail," she said.
She added that putting up walls is not the answer, and that the bloc’s success relies on its open societies.
Malmstrom also noted that there was no hope for the Transatlantic Trade and Investment Partnership, a deal launched by former President Barack Obama to aid US digital and service-based companies enter the EU market.
"The election of Donald Trump seems likely to put our EU-US negotiations firmly in the freezer, at least for a while," she stressed.
In a decision that has been widely seen as a marker to a more closed US trade policy, on Monday, Trump withdrew the Trans-Pacific Partnership -- a proposed trade agreement meant to bind the US and Pacific Rim countries.
Trump, who was inaugurated on Friday, is also expected to sign an executive order to eliminate the free trade agreement between the US, Canada and Mexico, known as the North American Free Trade Agreement (NAFTA).
Netanyahu to avoid Auschwitz liberation event in Poland over war crime arrest fears
Spain jurists demand ties with Israel ties be cut
Swiss parliament passes resolution to ban Hezbollah despite govt. opposition
Iran’s economy grew 2.7% y/y in Sep quarter: CBI
VIDEO | Freelancers in Gaza strive to stay online amid genocide
Mikati demands Israel's withdrawal from south Lebanon
Yemeni army strikes Israeli military sites with drones
‘Clock ticking’: UNRWA slams unjustifiable killing of children in Gaza
BP to be sued in Britain for supplying oil to Israel
VIDEO | Press TV's news headlines
Israeli strikes on north Gaza hospital ‘extremely dangerous, terrifying’: Director
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
