EU should get tough on trade if Trump wins, says leading lawmaker

If Donald Trump wins today’s election and carries through on his pledges to impose tariffs the EU needs to hit back with countermeasures and remain unified, Italian socialist MEP Brando Benifei tells Radio Schuman today.

Trump’s proposed 10% levy on EU goods could severely impact Europe’s export-dependent sectors, particularly automotive and machinery industries in countries like Germany, Italy, and Ireland. Benifei is a member of the parliamentary committee responsible for trade (INTA) and the head of the European Parliament delegation to the US.

We also check in on the hearings for Commission nominees, focusing on Maroš Šefčovič, the designated EU Trade Commissioner at a time when the bloc faces potential trade conflicts with China and the US.

Šefčovič emphasised the EU’s commitment to avoiding trade wars, rebalancing relations with China, and cooperating with whichever candidate wins the US election.

#Eurozone: #ECB officials question whether #Euro has strengthened too much, by @OlafStorbeck and Ian Smith | Financial Times

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ECB officials question whether euro has strengthened too much

Policymakers at central bank fret that a surging currency increases the risk of inflation undershooting

www.ft.com

[Featured] #Trade: #EU splits weaken its hand in crunch trade talks with #Trump, by @_Zimmerfrau and @_AriHawkins | Politico

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EU splits weaken its hand in crunch trade talks with Trump

European capitals are pulling in different directions ahead of a decisive round of trade talks in Washington. 

www.politico.eu

#EUDefence: The Italian job - How #Rome plans to work around #NATO spending hike, by @giuseppe_fonte, @AmanteAngelo and Gavin Jones | Reuters 

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The Italian job: how Rome plans to work around NATO spending hike

Italy, along with other NATO countries, has agreed to sharply increase defence spending over the next decade, but ...

www.reuters.com

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