EU official's response to Trump tariffs: 'We can also do stupid'
Source: The Hill
BY JOHN BOWDEN - 03/09/18 09:03 AM EST
European Commission head Jean-Claude Juncker warned President Trump that Europe will respond to his tariffs with reciprocal measures, blasting the U.S. tariffs of 25 percent on steel and 10 percent on aluminum as "stupid."
In a statement to The Economist, Juncker said that "we can also do stupid," seemingly warning that the European Union (EU) could pass trade measures designed to hurt the U.S. economy.
Juncker's comments come days after a report that the EU was considering a list of retaliatory tariffs targeting $3.5 billion worth of American goods, including exports from well-known American companies like Levi-Strauss blue jeans, Harley-Davidson motorcycles and bourbon whiskey.
Trump announced Thursday that his administration was officially implementing tariffs targeting steel and aluminum imports in an effort to save America's faltering steel industry, a major campaign promise that drew praise from union groups such as the AFL-CIO but harsh criticism from House and Senate Republicans.
Read more: http://thehill.com/policy/international/377568-eu-official-on-responding-to-trump-tariffs-we-can-also-do-stupid
lark
(23,003 posts)Harley is already not doing well, would the move to increase tariffs in Europe cause the company to fail? Don't know the volume of exports, so not sure if that is in the cards or not, but if they are already sufferring this surely will hurt them worse. Hate to have that effect on American workers, but it sure would make for a great advertisement. drumpf is too stupid about the economy to even realize what his distraction could cost the country and I'm sure doesn't give a shit if it does. He'll just claim the Dems did this and 35% of the population will believe him. Ah, but the other 65% could get it and some of them voted for him last time, but might be deterred from a 2nd pro-drumpf vote due to job losses he and russian repugs cause.
Javaman
(62,439 posts)on the whole world actually.
This fuckstick is playing with dynamite.
lark
(23,003 posts)The truth is he's in deep deep water and sinking. Hopefully Mueller can pull the plug soon and save us and the world.
old guy
(3,281 posts)Now I have to wonder what are all the qualifiers?
IronLionZion
(45,258 posts)we're all going to lose
BigmanPigman
(51,430 posts)Now we'll lose even more and more......