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EU is strong enough to defend its interests towards US, Scholz says

Published by Global Banking & Finance Review

Posted on February 3, 2025

2 min read

· Last updated: January 26, 2026

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German Chancellor Olaf Scholz discussing EU-US trade relations - Global Banking & Finance Review
German Chancellor Olaf Scholz speaks at a press conference in Brussels, emphasizing the EU's ability to defend its trade interests against the US. This image highlights the importance of EU unity in global finance.
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BRUSSELS (Reuters) - Europe is strong enough to pursue its own interests in trade talks with the United States, German Chancellor Olaf Scholz said on Monday after a meeting with fellow EU leaders. "

EU is strong enough to defend its interests towards US, Scholz

BRUSSELS (Reuters) - Europe is strong enough to pursue its own interests in trade talks with the United States, German Chancellor Olaf Scholz said on Monday after a meeting with fellow EU leaders.

"The European Union is strong. We have every opportunity to make sure we can look after our own interests," Scholz said.

"And that is also a message to the United States, which at the same time is connected to us through an outstretched hand."

Scholz also praised Mexican President Claudia Sheinbaum for winning breathing room from U.S. President Donald Trump's threatened tariffs.

"The Mexican president is a smart politician," he said. "She played it cool."

The German chancellor also acknowledged problems in the common EU defence policy such as fragmentation and the absence of large common defence programmes.

"That has to change and that is why we have to change the way of purchasing," he said.

He also commented on Trump's latest demand for Ukraine to provide the U.S. with rare earths in exchange for more aid by saying "it would be very selfish, very self-centred".

Such resources would be better used for the country's reconstruction after the war, Scholz added.

(Reporting by Bart Meijer in Brussels and Andrey Sychev in Berlin; Editing by Benoit Van Overstraeten and Stephen Coates)

Key Takeaways

  • EU is strong enough to defend its trade interests with the US.
  • German Chancellor Scholz emphasizes EU's diplomatic strength.
  • Scholz praises Mexican President for tariff negotiations.
  • EU defense policy faces challenges like fragmentation.
  • Scholz criticizes US demands on Ukraine for rare earths.

Frequently Asked Questions

What did Scholz say about the EU's strength?
Scholz stated that the European Union is strong enough to pursue its own interests in trade talks with the United States.
How did Scholz view the relationship with the US?
He emphasized that the EU can look after its own interests while still being connected to the US through an outstretched hand.
What challenges did Scholz mention regarding EU defense policy?
He acknowledged issues such as fragmentation and the lack of large common defense programs that need to be addressed.
What was Scholz's opinion on Trump's demands regarding Ukraine?
Scholz described Trump's demands for Ukraine to provide rare earths in exchange for aid as selfish and self-centered.
What did Scholz suggest about the use of resources in Ukraine?
He suggested that resources would be better utilized for the country's reconstruction after the war.

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