EU says it is ready to wage trade war with US
The EU has warned that it will not “shoot from the hip” but is fully prepared for a trade war with the US amid heightened concerns that the bloc’s last minute crisis talks are doomed to fail.
With tariffs on steel and aluminium on European exports to the US due to come into force on Tuesday, Cecilia Malmström, the European commissioner for trade, made a final diplomatic push in call with the US commerce secretary, Wilbur Ross.
A European commission spokesman declined to comment on the success of the talks, with Brussels seemingly still in the dark over Donald Trump’s mindset.
But he conceded that officials were likely to need to work through the 1 May Labour Day bank holiday in Belgium on Tuesday when the US president’s decision is expected to be made public.
“We are patient but we are also prepared,” the spokesman said. “Labour Day will be full of labour for us”.
The US administration imposed import tariffs of 25% on steel and 10% on aluminium in March on the grounds of national security.
The EU, along with Australia, Argentina, Brazil, Canada, Mexico and South Korea, were granted a temporary reprieve, but that is due to come to an end on 1 May.
https://www.msn.com/en-us/news/world/eu-says-it-is-ready-to-wage-trade-war-with-us/ar-AAwxgHn?li=BBnb7Kz
When Trump said he'd fix the economy his supporters didn't realize he meant neuter it.
