EU's Katainen Says It's In Our DNA to Support Freer Trade

The transcript discusses the European Union's stance on trade, emphasizing its commitment to rule-based and freer world trade. It highlights the EU's desire to establish a smooth trade relationship with the new US administration, despite concerns over the 'America first' policy. The speaker notes that while there are concerns, no significant trade barriers have materialized yet. The EU is open to deepening trade relations and is awaiting the US response to ongoing negotiations, particularly regarding the Transatlantic Trade and Investment Partnership (T-TIP).

What is a significant part of the EU's economic strategy?

• Increasing tariffs on imports

• Reducing trade with the US

• Isolationist trade policies

• Rule-based trade

What is the EU's main goal with the new US administration?

• To increase tariffs on US goods

• To settle trade tensions and create a smooth relationship

• To stop all trade with the US

• To focus solely on internal EU trade

What concern is raised regarding the 'America First' policy?

• It has improved trade relations with Europe

• It has already led to new trade barriers

• It has no impact on European businesses

• It might make it harder for European businesses to operate in the US

What feedback has been received from European businesses about the new US administration's policies?

• No feedback has been received yet

• Positive feedback about increased trade opportunities

• Negative feedback about increased trade barriers

• Feedback about improved market access

What is the EU waiting for from the US regarding trade negotiations?

• A new trade agreement proposal

• An increase in tariffs

• A response to the TTIP negotiations

• A reduction in trade barriers