German Economy Minister Warns EU-US Talks Will Not Be Easy

April 15, 2019 Share Print 0

Trade negotiations between the European Union and the United States will not be easy, but both sides should benefit in the end, German Economy Minister Peter Altmaier said on Monday.

“The goal is to reduce industry tariffs to zero and ultimately fend off a trade conflict,” Altmaier said in a statement, calling the earlier agreed EU mandate to enter trade talks with Washington a “breakthrough”.

European Union countries gave final clearance on Monday to start formal trade talks with the United States after months of delay due to French resistance.

“The negotiations will not be easy, but we will hold them with determination, for the benefit of both sides,” Altmaier said.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.