【CoinPush】At the World Economic Forum in Davos, U.S. Treasury Secretary Janet Yellen made an interesting comment on the EU’s response to Trump’s tariff policies. She believes that the decision-making mechanism of the 27 EU member states is concerningly inefficient, and when faced with tariff challenges, they are more likely to first tinker with establishing working groups rather than quickly coming up with a killer move.
Yellen’s implication is clear: Washington is not afraid of the EU activating counter-coercion tools—the big moves that could restrict U.S. companies from entering the EU single market. She sarcastically said on the spot that establishing that “terrible European working group” seems to be their most impressive move. This dismissive attitude reveals Washington’s underestimation of the EU’s trade retaliatory capabilities.
The stalemate in trade tensions may continue for some time. Yellen also disclosed that the next Federal Reserve Chair candidate will not be announced during her visit to Switzerland, with an expected announcement before the end of January. These macro policy changes directly impact global capital flows and market sentiment.
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TokenTaxonomist
· 2h ago
lol so bessent's basically saying the eu committee structure is taxonomically broken, yeah? 27 member states = bureaucratic dead-end, statistically speaking. they'll form a working group before actually doing anything meaningful... per my analysis, that's just institutional theatre masquerading as policy response.
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shadowy_supercoder
· 2h ago
The 27 EU countries take longer to meet than to mine a blockchain, no wonder they look down on us lol
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blocksnark
· 2h ago
A meeting of 27 countries can decide what? Just one U.S. Treasury Secretary left the EU stunned. Haha
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SerumSquirter
· 3h ago
What can 27 EU countries discuss at a meeting? The US has already broken ties, and they're still just talking on paper.
US-EU Trade Tensions Escalate: Finance Minister Criticizes EU Decision-Making Efficiency, Tariff Battles May Disrupt Asset Allocation
【CoinPush】At the World Economic Forum in Davos, U.S. Treasury Secretary Janet Yellen made an interesting comment on the EU’s response to Trump’s tariff policies. She believes that the decision-making mechanism of the 27 EU member states is concerningly inefficient, and when faced with tariff challenges, they are more likely to first tinker with establishing working groups rather than quickly coming up with a killer move.
Yellen’s implication is clear: Washington is not afraid of the EU activating counter-coercion tools—the big moves that could restrict U.S. companies from entering the EU single market. She sarcastically said on the spot that establishing that “terrible European working group” seems to be their most impressive move. This dismissive attitude reveals Washington’s underestimation of the EU’s trade retaliatory capabilities.
The stalemate in trade tensions may continue for some time. Yellen also disclosed that the next Federal Reserve Chair candidate will not be announced during her visit to Switzerland, with an expected announcement before the end of January. These macro policy changes directly impact global capital flows and market sentiment.