And when we look at the situation, it's clearly a very concerning time because we are killing the structure where we can fix the situation and the common challenges we have. Without collective governance, cooperation gives way to relentless competition. Competition from the United States of America through trade agreements that undermine our export interests, demand maximum concessions and openly aim to weaken and subordinate Europe. Combined with an endless accumulation of new tariffs that are fundamentally unacceptable. Even more so when they are used as leverage against territorial sovereignty and competition from China, where massive excess capacities are distortive. (05:38–05:52)
CLAIM
Asserts that U.S. trade agreements undermine European export interests and aim to weaken Europe.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
