Pierre Moscovici is EU Commissioner for Economic and Financial Affairs, Taxation and Customs. He spoke with EURACTIV’s Jorge Valero during the World Economic Forum in Davos, Switzerland.
Last year you said in this forum that President Trump would bring more protectionism and nationalism to the global system. What is your assessment of his first year in the White House?
It is clear that the priority of his Administration is not multilateralism. They have taken some decisions on trade, for example as regards to the Trans-Pacific Partnership and North American Free Trade Agreement (NAFTA), that if not protectionists, shows they are focusing on their own interests.
This Administration has also withdrawn from the Paris agreement to fight against climate change. Finally, the US tax reform could ‘touch’ the work we did together in the G20 and the OECD against tax evasion and it creates some contradictions with the WTO rules.
Does it mean that is it an isolationist and protectionist Administration? Frankly, we cannot say that, because the working channels have not been interrupted. There are clearly two ways of looking at the world: the Trump way and the European way.