trade perhaps creating a new powerful alliance between the e.u. and asia. this is not an anti trump summit that s what the chief foreign policy chief federica mcgreevey said on arrival to this to the summit yesterday but then she went on to explain the agenda of the summit and then he practically could only find subjects where currently the e.u. and the u.s. key allies do absolutely differ so you have climate change on the agenda you have also the u.n. system on the agenda and most crucial you have the w t o and the message that is supposed to be sent out here by two thirds of the g.d.p. world s g.d.p. leaders representing two thirds of the world g.d.p. here is that protectionism is not the way forward they want to stick to a w t l based system and they d like to reform it as well now but given that we still have against moscow and that china isn t quite an open market just to get out to
about anything we are ready to talk about taking away all terrorists in in trade between europe and the us we know there are varying levels for instance and talk of rate to talk about a reform of the w t l what ever you want however we will not negotiate with a gun to our heads we do not want to be blackmailed and that s the status we have so the game is going on the european union dow has formally sort of gone into the next round has formally kicked off the counter measures and we know what they are the list has been on the table since march it s whiskey it s motorcycles it s peanut butter it s jeans it s a mixed bag that it s supposed to add up to two point eight billion euros worth of countermeasures to sort of tilt we we re not playing ball with you in this type of a game according to your rules we do it according to international to w t o rules though
the american president to talk about the whole w t l about the whole international trade system there in consistencies there are problems it has shortcomings and we can put it all in the table and talk about it said he is really reaching out to trump was a rather far reaching offer and that is something that is really unusual i mean that we have not seen and used before where the roles were reversed and the germans were in the lead but as you said no different times and different players talk at the meetings after euro group finance minister is it different times a different play is there for us in sofia thank you so much. next play here will be daniel venter who will be taking over in the next hour with all the latest business news of course so phil thank you thank you i don t thank you but let me remind you of our top stories at this hour veiled leaders of north and south korea
only for one part of the measures that they announced today for the punitive measures so that list that we ve been talking about now for some time with are the davidsons and the orange juice and the bourbon on that where the u.s. considering to tap on some punitive tariffs so they can do that because they already submitted that list to the w t o in may and now it s up to the member states to decide which part of that list they want to pick and choose from and the rest could take longer will definitely take longer because the procedure usually can take up to three years time now the e.u. one level we have the commission saying ok this is the action we re going to take it looks like the e.u. is acting a strong and unified way but of course the was twenty eight member states and we heard in the report that not everyone is behind all of this action. yes and that s because there are differences within the commies in the eurozone and in the european union it was easy to submit that list that
to be made permanent however afterwards and that is the use that we offer the american president to talk about the whole w t l about the whole international trade system there in consistencies there there are problems it has shortcomings and we can put it all in the table and talk about it so he is really reaching out to trump was a rather far reaching offer and that is something that is really unusual i mean that we have not seen and used before where the roles were reversed and the germans were in the lead but as you said now have different times and different play also talk at the meetings off the euro group finance minister is it different times different players there for us in sofia thank you so much. and coming straight from the eurozone finance ministers meeting it s money money money as it is thank you