Trump says to discuss trade deal with EU's Von der Leyen

Clay Curtis
January 25, 2020

European Commission president Ursula von der Leyen told delegates at the 50th World Economic Forum in Switzerland on Wednesday that with the global order under constant threat, the European Union is ready to step up and lead the way on tackling climate change. Launched in Brussels at the start of the year, the Green Deal will be funded by the European Union, national governments, and the private sector.

"Creative accounting and financial adventures will not get the Commission very far towards finding the €1 trillion needed to fund their new climate and energy plans", said Van Overtveldt, a member of the European Conservatives and Reformists group.

"Boris and I are friends, and he wants to make a deal, and that's ok with me", he said.

"Most of us - not all of us - agree that we need to act", she said.

"European money, national co-financing, private investment, strongly supported by the European Investment Bank, our climate bank", she said in a keynote speech at Davos, adding this will create a green investment wave and there is a demand for it.

"In [the] Green Deal funding proposals, the Commission makes promises against the EU's yet to be agreed long-term budget and place a sizeable extra burden on the EIB's shoulders".

The parliament adopted its position last week on a regular set of structured meetings with European Union citizens from all over the continent, named "agoras", the Greek for forums.

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Trump said he would eye tariffs on automobiles if the European Union does not agree to hold trade negotiations.

It is part of President von der Leyen's pledge to give Europeans a greater say on what the EU does and how it works for them.

Sommaruga said she would also discuss global warming, something which Trump has frequently cast doubt on, despite the almost unanimous agreement of scientists around the world that the phenomenon exists and is accelerating.

France has threatened to resist. Usually that role would be reserved for the US President, but at present that's not possible.

Trump said Tuesday that he "is very happy with the result".

The US Senate this month voted to approve a new trade agreement linking the United States, Canada and Mexico.

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