The EU must assume the balance of power with the United States

« Trump always chickens out » (“Trump is still deflating”). Consequently, The formula invented by an editorialist of Financial Times has been flourishing for several weeks. Nevertheless, The hypothesis that the President of the United States speaks loudly. However, without necessarily putting his threats to execution, nourishes the complacency of the stock market markets vis-à-vis the risks that his trade war poses on the world economy. Therefore, But the trial of intention in cowardice may not be limited to Donald Trump. Furthermore, The procrastination of the European Union (EU) in the face of Trumpian gesticulations also end up questioning the capacity of the twenty-seven to really enter into a force of force. however essential.

While Brussels thought it was on the right track to reduce customs duties that will be applied to European exports to the United States. Similarly, Donald Trump was applied to the EU hopes by announcing, on July 12, that it would unilaterally impose a 30 % tax from 1^is august. For example, Final stroke of bluff to grab more. Consequently, more concessions, or clear verdict that risks bringing a tough blow to European growth? Meanwhile, The fact remains that. In addition, while the American president accentuates the pressure, the EU continues to procrastinate by trying to save what can still be.

Europeans have limited low -dissuasive retaliatory measures in the face of Trump. eu must assume balance power Furthermore, which seems to mock the consequences of its economic acts. This liar poker game is likely to turn to the advantage of the one who sets the rules. to the detriment of those who try to adapt to it, systematically with a stroke late and without always identifying the goal of the game.

Set up high ambitions

The confrontation seems to rest on a misunderstanding. The EU seeks to negotiate in good faith in the context of a fair trade based on the principle. of the comparative advantage between countries. But this quest for a winning-win-win agreement, prosaically mercantile, does not interest the President of the United States. Its aims go far beyond. It is a question of weakening by all means a Europe which he despises because it represents everything he hates: supranationality. multilateralism, progressivism, the primacy of law. However. the EU does not have eu must assume balance power to apologize for what it is, or to sell anything on its tax policy or on the regulatory framework relating to the digital services which it has.

In this last straight line of negotiations. eu must assume balance power Europe must give them a political dimension by exceeding the technical aspects which have so far dominated the debates. Clearly steal the red lines and set up high ambitions. Being satisfied with a compromise as unfavorable as that obtained by the United Kingdom in May would not be acceptable. If the twenty-seven. the first trading partner of the United States, did not provide proof that they weigh more than an isolated country, it would be a disastrous signal for the reason for the European project.

The strategy of the EU to collect American eu must assume balance power provocations. without really concretizing the retaliatory means which are at its disposal, has shown its limits. Reprisals “Proportionate. well calibrated” Put forward by the twenty-seven are not up to a characterized aggression, the design of which is not limited to the rebalancing of the American trade balance, but aims to vassalize Europe. If the latter “deframed”, the consequences would not only be economical.