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Trump seeks "reciprocal" trade with Italy

Europe
20.04.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Washington (dpa) - US President Donald Trump said he was seeking a balanced and reciprocal trading partnership with Italy after meetings Thursday with Italian Prime Minister Paolo Gentiloni at the White House.

"We both seek a trading relationship that is balanced, reciprocal," said Trump, who has been sharply critical of trade imbalances between the US and many other nations. "I love the word ‘reciprocal,‘ because we don‘t have too many reciprocal trading partnerships, I will tell you that, but we will very soon."

The US and Italy had some 62 billion dollars in trade last year, with the US trade deficit with Italy standing at 28 billion dollars.

The leaders also discussed the upcoming Group of Seven summit in Sicily next month, cooperation between the nations on counter-terrorism, the anti-Islamic State campaign, the situation in Libya and migration.

Trump, who has repeatedly called on other countries to boost defence spending, pointed to some 30,000 US troops stationed in Italy and called on Italians to "pay their full and fair share for the cost of defence."

Gentiloni said Rome would abide by its commitments to increase defence spending under a NATO agreement, despite budgetary constraints that have kept it from spending 2 per cent of gross domestic product on defence.

"Our commitment to common defence is very clear," he said.

 

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