EU Urged to Strengthen Trade Deals Following Trump's Election

German Economy Minister Robert Habeck calls for a confident EU trade policy as Donald Trump prepares to return to the U.S. presidency.

Robert Habeck, Germany's Economy Minister, advocates for the EU to finalize and expand trade agreements, including the stalled Mercosur pact with South American nations.
Habeck emphasizes the importance of a strong and self-assured EU stance in trade relations with the United States under Donald Trump's leadership.
Trump's campaign promises to impose tariffs of 10-20% on imports raise concerns about potential economic impacts on both the EU and the U.S.
Habeck argues that such tariffs would harm U.S. consumers by increasing domestic prices and inflation, and stresses the need for cooperative solutions.
Critics, including Germany's FDP party, accuse Habeck of inconsistency, citing past Green Party opposition to trade agreements like CETA with Canada.