World

EU has 'profound disagreements' with US on trade policy

Name: EU has 'profound disagreements' with US on trade policy
Uploaded: 2018-08-31T03:39:32.720Z
Duration: 47 s
Channel: Financial Times
Description: Trade commissioner says talks are not trying to restart old transatlantic trade deal

The EU's trade commissioner says she is talking to the US about a way to reduce tariffs but that the discussions are not trying to revive the Transatlantic Trade and Investment Partnership

August 31, 2018

Footage by Reuters

Transcript

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We have profound disagreements with the US on trade policy and on other policies. We do not agree with their actions in WTO and blocking of the appointment of the judges. This we have raised several times. And we are engaging with them to try to find a way out, and also with many other countries in the WTO, to see, is there a way to solve this?

We are not restarting TTIP. We are not restarting TTIP. That is for a lot of reasons, and you mentioned some of them, not possible. So TTIP is not there. This is a more limited - possibly could be a more limited trade agreement focused on tariffs on goods only.