EU’s Malmstrom: EU is not really equipped to deal with a changing world on trade

Dhwani Mehta FXStreet

In an interview with the Financial Times (FT), the European Union (EU) outgoing Trade Commissioner Cecilia Malmstrom said that the EU is ill-equipped to face US, China on trade.

Additional Quotes:

EU has to do more to stand up for its businesses.

Not really equipped to deal with a changing world.

Especially with a world order with an aggressive China and US.

EU member states should abandon national vetoes over foreign policy.

WTO's crisis is bigger than Trump.

Shares the view of criticism against the WTO.

Meanwhile, EUR/USD maintains its thin Asian range just above the midpoint of the 1.09 handle, awaiting the FOMC minutes for a fresh trading impetus.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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