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Dutch Trade Min: Hope Trump Realizes Tariffs Bad For All

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Bloomberg Apr 8 07:11 · 59.5k Views

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  • 00:00 I'd like to just get your take away from the meetings that you've had today and sort of what the state of European response is to the possible imposition of these tariffs.
  • 00:07 Well, the European
  • 00:09 Union or the?
  • 00:10 Member states are very unified in their approach.
  • 00:12 What we want to do is negotiate with the United States.
  • 00:15 We don't want to escalate it.
  • 00:17 We don't want to put terrorists
  • 00:19 back immediately, but in the end if negotiation and getting the tariffs off the table is not possible.
  • 00:25 Then we will not hesitate to put countermeasures in place.
  • 00:28 And how concerned are you?
  • 00:29 Because another thing that Donald Trump has talked about is targeting different sectors, trips among them.
  • 00:33 Obviously the Netherlands is home to one of the the only company that can make these sort of lithography machines.
  • 00:38 How concerned are you about that?
  • 00:39 Are you prepared for a possible action in that direction?
  • 00:42 Well, that would be very bad news not only for the European Union and the Netherlands, but it will also be very bad news for the US and.
  • 00:50 I hope
  • 00:50 Mr.
  • 00:51 Trump is smart enough to know that our
  • 00:54 economies are very much connected and that we depend on each other
  • 00:58 and that terrorists are very bad for.
  • 01:00 All of us, I'd also like to get your sense about the conversation that happened on, on the subject of China about the possibility of having a huge flood of overcapacity that is no longer being able to move into the United States, coming over to Europe.
  • 01:11 What is the state of those discussions?
  • 01:12 Are there going to have to be more trade barriers between Europe and China?
  • 01:16 Well, we don't want to put a trade barriers into place, but we do see the risk of China bringing in massive amounts of goods into the European Union.
  • 01:24 And our trade policy will not change.
  • 01:26 We have some instruments in order to maintain a level play.
  • 01:30 Fields have We do have concerns for
  • 01:32 state funding and also for.
  • 01:35 Dumping of goods and we have some instruments in place and we will not hesitate to use these instruments.