Talks in Brussels over the weekend with US trade agent Robert Lighthizer failed to solve the row – leaving the prospect of an all-out trade war securely on the table.
At a press conference on Monday morning, the EU’s trade commissioner Cecilia Malmstrom suggested contact with the United States was likely to be kept during the week, but insisted the possibility of tariffs was inappropriate.
“Recently we have seen how (trade) is utilized as a weapon to threaten and daunt us. We are not afraid, we will stand up to the bullies,” she said.
On Thursday night, the United States President confirmed he was performing his risk to impose 25% tariffs on imported steel items and 10% on aluminium.
The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum. If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!
— Donald J. Trump (@realDonaldTrump) March 10, 2018
President Donald Trump said the tariffs were aimed at fixing trading imbalances returning years that had actually cost The United States tasks and continued to threaten US makers.
He said allies, particularly those with military ties, had a chance to avoid them.
However he eyelashed out at EU protests versus the procedures on Saturday when he tweeted: “The European Union, fantastic countries who treat the U.S. very badly on trade, are grumbling about the tariffs on Steel & Aluminum.
” If they drop their dreadful barriers & tariffs on U.S. products going in, we will similarly drop ours. Huge Deficit. If not, we Tax Cars etc. FAIR!.
“. The UK Government, while expressing alarm at the capacity for tariffs, has said the EU is accountable for solving the issue while Britain remains a member – however it would also battle to defend market if tariffs were focused on UK coasts.
Brussels has actually threatened to retaliate with tariffs on various sectors and brand names, consisting of jeans and Harley Davidson motorbikes and Levi jeans, if the metal tariffs work as planned later this month.
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