As tensions with US worsen, Europe courts new partners

Pascal Lamy, former general director of the WTO and president emeritus of the Jacques Delors Institute, brought his expertise on the relations between the United States and Europe.

|   17/07/2018               |   Today Online             |   Lamy Pascal             |   Economics and finance

NEW YORK — United States President Donald Trump is inciting a trade war, undermining NATO and painting Europe as a foe. It’s no wonder, then, that the European Union is looking elsewhere for friends.

On Tuesday (July 17) in Tokyo, it signed its largest trade deal ever, a pact with Japan that will slash customs duties on products like European wine and cheese, while gradually reducing tariffs on cars.