Europe and the United States could reach a "win-win" trade deal which could be beneficial to both parties, Greek Prime Minister Kyriakos Mitsotakis said in an interview published late on Wednesday.
Greek Prime Minister Kyriakos Mitsotakis, Reuters/Stephanie Lecocq
Europe and the United States could reach a "win-win" trade deal which could be beneficial to both parties, Greek Prime Minister Kyriakos Mitsotakis said in an interview published late on Wednesday.
In a stunning reversal, Trump said on Wednesday he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.
“On the European front there is a possibility of finding a win-win solution when it comes to trade, a solution which will be mutually beneficial," Mitsotakis told U.S. news network Breitbart from his office in Athens.
The European Union on Wednesday agreed to launch its first countermeasures against U.S. tariffs next week. But European Commission President Ursula von der Leyen on Thursday welcomed Trump's announcement of the pause.
Mitsotakis said that there was "still room for negotiations" with the United States before Europe considered any major reciprocal response beyond what had been announced on Wednesday.
"Europe and the European market is very important for the U.S. and U.S. is important for Europe and we need to work out a solution."
An attack on a military base in northern Burkina Faso killed multiple soldiers, while a separate assault in the south left dozens of civilians dead, sources told Reuters on Monday, underscoring spiralling insecurity in the junta-led country.
The U.S. and China said on Monday they agreed to temporarily slash their steep tariffs on each other, sending global stocks and the U.S. dollar surging as the world's top two economies tapped the brakes on a trade war that had fed fears of a global recession.
U.S. Treasury Secretary Scott Bessent on Sunday reported "substantial progress" in U.S. talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.
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