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Europe and United States can reach "win-win" trade deal, Greek PM says

Published by Global Banking & Finance Review

Posted on April 10, 2025

2 min read

· Last updated: April 10, 2025

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Greek PM Optimistic About Europe-US Trade Deal Prospects

ATHENS - 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."

(Reporting by Angeliki Koutantou; Editing by Peter Graff)

Key Takeaways

  • Greek PM Mitsotakis sees potential for a win-win trade deal.
  • Trump temporarily lowers tariffs, impacting global stocks.
  • EU to launch countermeasures against US tariffs.
  • Ursula von der Leyen welcomes Trump's tariff pause.
  • Negotiations between Europe and the US are ongoing.

Frequently Asked Questions

What is the main topic?
The main topic is the potential for a mutually beneficial trade deal between Europe and the United States.
What did Trump announce?
Trump announced a temporary reduction in tariffs, impacting global stock markets.
What is the EU's response to US tariffs?
The EU plans to launch countermeasures against US tariffs but is open to negotiations.

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