Trade barriers, building walls 'doomed to fail': EU to Donald Trump

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Brussels, Jan 24: The European Union trade chief says the trade policies US President Donald Trump has set out are "doomed to fail" and that the world's biggest trading bloc remains committed to open borders and economies.

EU Trade Commissioner Cecilia Malmstrom said on Tuesday that most countries still share the same vision of open trade and investments. She said that "building a wall is not the answer. The success of the EU relies on our open societies."

Building walls doomed to fail: EU

Malmstrom said "those who in the 21st century think that we can become great again by rebuilding borders, re-imposing trade barriers, restricting people's freedom to move, they are doomed to fail."

Trump's decision to pull out of the Trans-Pacific Partnership on Monday was seen as an indicator to a more closed US trade policy.

PTI

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