Defense of NATO to rebalance the trade relations of the European Union-the United States: Antonio Costa

Antonio Costa, President of the European Union Council, told CNBC on Friday that the NATO Agreement is over more than the goals of defense spending for double allies will restore the balance of trade relations in Europe with the United States and believes that the region buys more American weapons.

Earlier this week, NATO allies Agreed For more than twice the goal of defensive spending from 2 % of GDP to 5 % by 2035.

Costa told that this step resolved the main issue related to trade between Europe and the United States.

“What we decided to do is to strengthen our position and assume greater responsibilities in our defense. Then I think we have already resolved the main issue, then I think the path is paved to solve other issues,” he said.

At least part of this higher defensive expenses will be used to “buy America”, according to Costa.

“Of course, if we bought more Americans, this means that commercial relations restore a balance. Then this is the reason – because I always said that we cannot separate these two negotiations on defense – (this) was the most important issue for the United States, and (IT) was already resolved.”

Costa, who held the position of Prime Minister of Portugal until last year, repeated Trump’s previous statements that the military agreement is a “great victory”, adding that he is actually redressing the burden on defense.

The European Union is among the trading partners who are pushing to reach an agreement with Washington before the deadline of US President Donald Trump in early July to walk to the so -called mutual definitions of imports from almost all countries.

Steps were taken towards this week’s deal after the United States submitted a new proposal. The markets were also Stab By announcing Thursday from White House press secretary Caroline Levitt that the final dates on July 8 and 9 to restart the tariffs on states “Not decisive“

“Maybe it can be extended, but this is a decision that the president does not make,” Levitte said.

When asked if the European Union could reach a deal before the final dates in July, Costa said that the European Commission is currently evaluating the White House trade proposal.

“Both parties are very involved to find a solution, and I hope to achieve this and achieve this before July 9,” he said.