President Donald Trump will be constructive in trade talks with the European Union, in order to avoid a trade war and spiking inflation in his own economy, Luxembourg's foreign minister Xavier Bettel said on Tuesday.
"All the European products, if they have to pay much more, at the end of the day, it's inflation. And I think that Donald Trump has been elected also to reduce inflation, not to raise inflation," Bettel said before a meeting of EU ministers in Warsaw.
The EU will retaliate with comparable tariffs if the U.S. imposes tariffs on European products, Bettel added.
"I know usually the cleverest is the one who gives up," he said. "But here is something where you have to answer."