As the U.S. election looms, it is time for both sides of the Atlantic to repair outstanding divisions, the former EU trade chief told CNBC Thursday.
The White House and the European Union, which encompasses 27 nations, have clashed in recent years over international trade, foreign policy and taxation — to name but a few points of tension.
However, as the U.S. gets ready to head to the polls in November, there’s a chance to overcome some of these differences, Cecilia Malmstrom, a candidate for the top job of the OECD (Organization for Economic Cooperation and Development), said.
“Despite some tensions right now we need to try to repair it, to strengthen it, with whoever is at the White House after the elections in November,” Malmstrom told CNBC’s Squawk Box Europe.
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