×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
10
Sep 2026
weather symbol
Athens 29°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> World

EU proposes defense investments to avoid trade war with U.S.

"We cannot have a trade war and at the same time build a Europe of defence", says EU vice-president in charge - He says Europe would suffer from tariffs

Newsroom January 20 01:30

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The European Union is set to propose increased investment in defense to U.S. President Donald Trump, in a bid to prevent the escalation of a trade war, according to Stefan Cezzourne, the European Commission’s Vice President for Industrial Strategy.

“We cannot face the possibility of a trade war while simultaneously building a stronger European defense,” Cezzourne stated in an interview with France Inter.

He explained that the EU’s approach to defense includes “decoupling” its capabilities from U.S. reliance and establishing European security guarantees to complement NATO. However, he emphasized that these goals are incompatible with a trade war, which would impose significant financial burdens on member states. “National budgets cannot sustain both the rising costs of a defense budget—targeted at 3% of GDP—and the economic fallout of a trade war,” he added.

Cezzourne also highlighted the strategic challenge posed by tensions on the EU’s eastern front, particularly in the context of aid to Ukraine. “We cannot organize an effective defense strategy in the East while grappling with the high costs of a trade war at the same time,” he said.

The EU’s Trade Concerns

On the possibility of a trade war, Cezzourne noted that Europe benefits significantly from its trade balance with the U.S. “The trade balance with the U.S. is very favorable for Europeans,” he remarked, cautioning against retaliatory tariffs. “Europeans would bear the brunt of such measures. For example, European companies heavily rely on U.S. products, like parts from Boeing.”

He outlined two potential strategies: an offensive one, involving retaliatory tariffs, and a defensive approach, such as diversifying global markets. “One defensive strategy could involve shifting our energy imports, like reducing LNG purchases from Azerbaijan in favor of more American imports,” he suggested.

Global Uncertainty Over Trump’s Decisions

Cezzourne expressed concern over the unpredictability of President Trump’s forthcoming executive orders, which are expected to be signed today, January 20. “Neither Canadians, nor Mexicans, nor Europeans—or indeed the rest of the world—know the full extent of these orders,” he said.

>Related articles

BBC: How the AfD’s win shifts the balance: A blow to Merz, parallels with MAGA, Russia’s interests, and the warning bell for Europe

Greece will not accept instructions on defence from anyone, prime minister says

Plevris in Copenhagen for “core group” summit focused on creating return hubs in third countries

Trump reportedly plans to impose 25% tariffs on all products from Mexico and Canada, alongside a 10% increase in tariffs on Chinese goods. The European Union is also said to be a target.

Cezzourne concluded by warning of the global implications of these policies, urging a measured and cooperative approach to avoid economic harm while maintaining focus on European defense priorities.

 

Ask me anything

Explore related questions

#Defense Investments#European Union#U.S. President Donald Trump
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Breaking: The two doctors arrested over the death of Giorgos Mazonakis

September 10, 2026

Nicole Kidman on the Oscar she won in 2003: “I was at the peak of my career and came home feeling so alone”

September 10, 2026

Mitsotakis met with Amal Clooney at the Maximos Mansion, with the Parthenon Marbles as the center of the discussion

September 10, 2026

Giorgos Mazonakis investigation — Four folders and a bag of evidence taken from Kolonaki clinic by Greek “FBI” officers

September 10, 2026

Greek shipowners’ major cash-out – 316 ships up for auction

September 10, 2026

Oil surges past $100 as Saudi production falls to 36-year low

September 10, 2026

Theo James recounts grandfather’s wartime escape from Greece

September 10, 2026

Family of George Mazonakis appoints technical advisor, post-mortem set for tomorrow

September 10, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα