Brussels/Bratislava – The EU will await the initial actions of the new US administration regarding trade policy before taking any steps. This was emphasized by Vladimír Šimoňák, State Secretary of the Ministry of Economy of the Slovak Republic, following the EU Foreign Affairs Council’s trade segment meeting on Thursday, as reported by TASR.
Šimoňák pointed out that the EU is engaged in ongoing trade negotiations with several global partners, including the long-standing and complex Mercosur agreement, which raises specific concerns for Slovakia particularly in the agricultural sector. Additionally, he mentioned trade relations with various Asian nations, but noted that the primary focus is on China and the United States, where Donald Trump’s new administration is being established.
When questioned about the EU’s preparations for Trump’s proposed trade strategies, which include potential tariffs on imports to the US, Šimoňák indicated that while the European Commission is working on a strategy, it is prudent to first observe the new American administration’s approach to avoid hasty decisions.
“The United States represents not only a vital trading partner but also an ally and strategic partner, with a broad array of relationships involved,” he stated. He stressed the importance of EU member states presenting a united front in response to any new US tariffs, noting that no individual advantages have been recognized from a fragmented approach among member countries. “For Slovakia, there is certainly no advantage in acting individually,” he added.
Recalling Trump’s previous presidency, Šimoňák noted that trade relations between the US and EU strengthened during that period, making the United States Europe’s most significant export market, despite Trump’s consistent rhetoric on trade issues. He also mentioned that a previous dispute over steel and aluminum showcased the complexity of mutual trade relations.
He expressed optimism that the EU can navigate its relationship with the upcoming US administration “in a spirit of partnership and alliance, aiming for constructive results.” This concern extends to the European automotive sector, which was often targeted by Trump during his campaign, highlighting that any threats made would have repercussions for Slovakia as well.
“Each member state has sensitive sectors, with the automotive industry being crucial for Slovakia. However, this does not justify undue panic or premature actions. We will remain patient, hoping to engage in negotiations at all possible levels before implementing any measures. Our hope is that no drastic steps affecting European interests will be taken without our involvement,” he explained.
There are indications that Trump may compel the EU to adopt a more rigorous stance towards China. However, Šimoňák clarified that this topic was not on the agenda during the Council of Ministers meeting. The EU must first observe the US’s policy direction regarding China, as future relations between the US and China are expected to influence Europe, a reality made evident during Trump’s first term. (November 21st)
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