Bessent Says EU Is Plagued by ‘Collective Action Problem’

WATCH: Bessent says the EU has a “collective action problem” that’s hampering trade negotiations.Source: Bloomberg

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By Jordan Fabian

May 13, 2025 at 2:43 AM EDT

Updated on

May 13, 2025 at 8:59 AM EDT

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US Treasury Secretary Scott Bessent said the European Union suffers from a “collective action problem” that’s hampering trade negotiations, downplaying the possibility of a quick agreement with the US’s largest trading relationship.