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EU chief Juncker warns against EU-U.S. trade war - Bild am Sonntag

Reuters  |  BERLIN 

(Reuters) - European Commission President Jean-Claude warned in a newspaper interview that a trade war between the United States and would not be good for either.

Asked by Bild am Sonntag newspaper whether could withstand a trade war with the United States, said: "A trade war would neither be in Europe's nor the USA's interests."

He said it was necessary to take protectionist comments being made by U.S. President Donald Trump's administration seriously and also to be prepared.

On Thursday U.S. Treasury Secretary Steven Mnuchin said the administration had no desire to get into trade wars but certain trade relationships needed to be re-examined to make them fairer.

said he was pleased that he would be meeting Japanese Prime Minister Shinzo Abe on Tuesday, adding: "We want to conclude a deal between the and Japan this year."

has accused Japan of exploiting a weak yen to give its exports an unfair trade advantage. In similar vein, Trump's top trade adviser has accused Germany of using a "grossly undervalued" euro to gain a competitive advantage.

(Reporting by Michelle Martin; Editing by Hugh Lawson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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EU chief Juncker warns against EU-U.S. trade war - Bild am Sonntag

BERLIN (Reuters) - European Commission President Jean-Claude Juncker warned in a newspaper interview that a trade war between the United States and Europe would not be good for either.

(Reuters) - European Commission President Jean-Claude warned in a newspaper interview that a trade war between the United States and would not be good for either.

Asked by Bild am Sonntag newspaper whether could withstand a trade war with the United States, said: "A trade war would neither be in Europe's nor the USA's interests."

He said it was necessary to take protectionist comments being made by U.S. President Donald Trump's administration seriously and also to be prepared.

On Thursday U.S. Treasury Secretary Steven Mnuchin said the administration had no desire to get into trade wars but certain trade relationships needed to be re-examined to make them fairer.

said he was pleased that he would be meeting Japanese Prime Minister Shinzo Abe on Tuesday, adding: "We want to conclude a deal between the and Japan this year."

has accused Japan of exploiting a weak yen to give its exports an unfair trade advantage. In similar vein, Trump's top trade adviser has accused Germany of using a "grossly undervalued" euro to gain a competitive advantage.

(Reporting by Michelle Martin; Editing by Hugh Lawson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

EU chief Juncker warns against EU-U.S. trade war - Bild am Sonntag

(Reuters) - European Commission President Jean-Claude warned in a newspaper interview that a trade war between the United States and would not be good for either.

Asked by Bild am Sonntag newspaper whether could withstand a trade war with the United States, said: "A trade war would neither be in Europe's nor the USA's interests."

He said it was necessary to take protectionist comments being made by U.S. President Donald Trump's administration seriously and also to be prepared.

On Thursday U.S. Treasury Secretary Steven Mnuchin said the administration had no desire to get into trade wars but certain trade relationships needed to be re-examined to make them fairer.

said he was pleased that he would be meeting Japanese Prime Minister Shinzo Abe on Tuesday, adding: "We want to conclude a deal between the and Japan this year."

has accused Japan of exploiting a weak yen to give its exports an unfair trade advantage. In similar vein, Trump's top trade adviser has accused Germany of using a "grossly undervalued" euro to gain a competitive advantage.

(Reporting by Michelle Martin; Editing by Hugh Lawson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22