'It's extremely encouraging,' Eurogroup president says on US-China trade rollback
Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.
READ MORE : http://www.euronews.com/2025/05/13/its-extremely-encouraging-eurogroup-president-says-on-us-china-trade-rollback
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Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.
READ MORE : http://www.euronews.com/2025/05/13/its-extremely-encouraging-eurogroup-president-says-on-us-china-trade-rollback
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00Eurogroup President and Irish Finance Minister Pascal Donoghue welcomed the move of the United
00:06States and China agreeing to drastically roll back tariffs for 90 days.
00:11In an exclusive interview with Euronews, he called it a promising development for EU-US
00:17relations.
00:18It's extremely encouraging.
00:20It is also a reminder of the volatility of the era that we are in.
00:25But amidst that volatility, China and the US clearly recognizing the value of trade and
00:32how that particular trade relationship can have such a significant effect on the performance
00:38of their own economies.
00:40And I see that as being a positive signal, but it's also very obvious there's a whole
00:45lot of work that now has to flow from that, particularly then in terms of the engagement
00:51that the EU has with the US.
00:54When it comes to the ongoing negotiations between the EU and the US on tariffs, the
00:59Irish Finance Minister approves the European Commission's gradual approach as it seeks to
01:04build a consensus.
01:06And he clearly opposes the idea of the EU targeting digital services.
01:11Ireland and I have long-standing concerns regarding the role and use of digital services taxes, and
01:18my sense is that in the debate that is now taking place at the moment, it is understood
01:23as an option, but it's also understood as an option that could have very significant consequences.
01:30Donohue also believes on the development of the digital dimension of the European single
01:35market.
01:36You can listen to the full interview on the Europe Conversation this Thursday.
01:41It seems like Germany in front...