EU in the trade dispute: BGA President advises to keep a cool head and remain calm!

EU in the trade dispute: BGA President advises to keep a cool head and remain calm!

The trade dispute between the EU and the USA remains a central topic in the political discussion. Dirk Jandura, President of the Federal Association of Wholesale, Foreign Trade and Services (BGA), has called on the EU to keep a “cool head” in this dispute. In his opinion, it is important that the EU conducts negotiations with the USA objectively and strategically.

Jandura commented on Chancellor Merz's increasing criticism of the EU negotiating strategy. This criticism is seen as a sign of growing nervousness ahead of the negotiators' meeting on July 9th. Despite these worrying tones, Jandura praised the achievements of EU negotiators so far. The EU managed to pool the interests of its member states and negotiate with the USA on an equal footing without unnecessarily escalating the conflict.

Strategy and negotiation

Jandura recommends that the EU maintain the current negotiating strategy. He sees it as particularly important to point out services in which the EU has a deficit. This tactic could help the EU strengthen its position in the negotiations. At the same time, he expresses the hope that the new EU government will understand free trade agreements better and not misuse them for other political goals.

However, he also warns against underestimating or even overestimating the importance of the USA in global trade. The loss of positive results in the talks with the USA could have a negative impact on the EU's foreign trade. Nevertheless, he is convinced that this does not mean the “end of the world”. Jandura reiterates that it is crucial to remain calm and keep a cool head.

Recognition of EU leadership in negotiations

The export association has praised the EU for its conduct of negotiations in the customs dispute with the USA. In a deteriorating economic environment, the ability to maintain diplomatic relations while defending the interests of member states is of enormous importance. Jandura's argument could provide the impetus to rethink the EU's strategy regarding trade agreements and international dialogue.

The interplay between political expression and economic relations remains critical at this time as both sides seek to assert their interests in a complex market environment. Both the criticism and the successes in the negotiation process could have long-term effects on relations between the EU and the USA.

For more information on the negotiations and their potential impact on trade, you can read the reports at Tixio and Boersennews read up.