Spanish Economy Minister Carlos Cuerpo discusses the European Union’s response to President Donald Trump’s announcement of a 20% tariff on EU exports to the US. He speaks to Bloomberg’s Oliver Crook in Luxembourg where trade ministers from across the bloc are meeting in an attempt to narrow their differences over potential retaliatory steps.
00:00 EU response to tariffs must send message of trust, confidence
01:18 Response to levies on aluminum, steel, cars, “reciprocal” tariffs
03:02 We have to be “cool-headed”; reinforcing the US relationship
04:42 Possible EU fund to support national industries impacted by tariffs
06:04 Protecting EU from China trade diversion; Mercosur; EU-China ties
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