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Trump balance: US and EU “trade wars” would not benefit Latvia

Assessing the four-year trade balance of US President Donald Trump, it is clear that the US and European Union (EU) “trade wars” would not benefit Latvia, TV3 News reports.

It seems that the most inconvenient, inconvenient thing in Latvia’s relations with the United States during the years of Donald Trump has been that Trump does not see the EU. Tramps has said this many times, never hiding it. Here is one of the last such announcements this summer.

US President Donald Trump (July 2020)

“It simply came to our notice then. Also with a Europe that has never treated us well. The EU was created to play an economic role in the United States. And so it happens! I know that. They know I know that. But the other presidents did not understand it at all before me! ”

According to Trump, I quote: “The EU is worse than China, only smaller in size.” He sees Europe as a tool in German hands to make money at the expense of the Americans. This is a real difference from previous US leaders, who saw Europe yes, sometimes – also as a business competitor, but above all – as a project of democracy and peace.

Therefore, from Riga’s point of view, there must have been concerns over the last four years about whether Trump will not force American military allies to harm the EU internally, especially after the Trump administration launched so-called trade wars with both China and Europe.

Speaking of US-Latvian trade. It is important for several industries, but in no way forms the backbone of Latvia’s foreign trade.

With 1.8% in Latvia’s foreign trade, Americans are far from the TOP ten of Latvia’s most important economic partners.

However, the economic relations between the EU and the USA are huge and it would certainly not be in the interests of Latvia to have a deep conflict in the US-EU relations on trade issues.

For a while in the last four years, it seemed like he was about to open up. Trumpet’s blacklisted, for example, European Competition Commissioner Margaret Vestagere, who handed out penalties to American technology giants for distorting competition in the EU.

US President Donald Trump (June 2019)

“They have that woman in Europe there.” I won’t even call on their behalf. She hates the United States probably more than anyone I’ve ever met. “

Listening to all this, it becomes clear that any Brussels official is, by definition, blacklisted by Donald Trump. Therefore, TV3 News could not fail to ask the new EU Trade Commissioner Valdis Dombrovskis, who will now be the main negotiator on these issues from Brussels.

EU Trade Commissioner Valdis Dombrovskis

“It must be said that trade conflicts have been a thing of the past. Trade conflicts are not in themselves new. The question of how they are addressed. At present, despite the fact that President Trump has made various statements about NATO, overall security cooperation remains very close, even in the face of trade conflicts. In principle, its themes manage to be kept as two different themes. But, of course, it is also important that these trade conflicts are resolved constructively. “

EU – US trade disputes will be a difficult topic for the next four years, no matter who is president. Latvia may have to follow very carefully.

Read more: Trump balance sheet: The USA has significantly affected the banking sector in Latvia

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