Dombrovskis: Need to Engage Closely with Trump Admin

The transcript discusses the strategic alliance between the EU and the US, focusing on economic cooperation and the impact of the Trump administration's policies, particularly tariffs. It highlights the potential negative effects of global economic fragmentation on GDP and the challenges facing the EU economy, including slow growth and productivity issues. The discussion also covers financial and military support for Ukraine and outlines plans to enhance EU competitiveness, emphasizing Germany's role in the EU's economic future.

What percentage of the world's GDP is represented by EU-US trade and investment cooperation?

• 50%

• 42%

• 60%

• 30%

What is a potential consequence of global economic fragmentation as discussed in the video?

• Increase in global GDP by 7%

• Stabilization of global GDP

• Decrease in global GDP by 7%

• No impact on global GDP

What is one of the structural issues facing the European economy?

• Lack of natural resources

• High inflation rates

• Slow productivity growth

• Excessive government spending

What is the current status of financial support for Ukraine?

• It is uncertain for this year

• It is secured for this year

• It has been canceled

• It is only partially available

What is the EU's plan to strengthen its competitiveness called?

• Productivity Enhancement Program

• Competitiveness Compass

• Economic Growth Plan

• Competitiveness Strategy

What is one of the key areas the EU needs to address to improve competitiveness?

• Raising administrative burdens

• Decreasing labor skills

• Reducing energy prices

• Increasing taxes

Why is Germany's economic strength important for the EU?

• Germany's strength affects the entire EU

• Germany is not part of the EU

• Germany's economy has no impact on the EU

• Germany is the smallest EU economy