Commerce secretary to push EU to lower tariffs: Trump

[DonViejo]

Source: Reuters




MARCH 12, 2018 / 7:51 AM / UPDATED 2 HOURS AGO

Philip Blenkinsop, Doina Chiacu

BRUSSELS/WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross will urge the European Union to lower its trade barriers, U.S. President Donald Trump said on Monday, calling them unfair to U.S. farmers and industry, a view the EU firmly rejects.

The European Commission accused Trump of “cherry-picking” data to distort the debate in a transatlantic dispute that threatens to become a trade war.

The EU is seeking to be exempted from planned U.S. import duties of 25 percent on steel and 10 percent on aluminum, but says Washington has not made clear how the exemption process works.

Trump said in a tweet on Saturday the United States was ready to drop its tariffs if the EU lowered its “horrific” rates on U.S. products. On Monday, he tweeted that Ross would be speaking with EU representatives about eliminating “large tariffs and barriers”.






Read more: https://www.reuters.com/article/us-usa-trade-eu/commerce-secretary-to-push-eu-to-lower-tariffs-trump-idUSKCN1GO1BP

[old guy]

1. IMO once the exemptions start, the whole thing collapses.

This is probably what the grownups around the globe are going for.

[The Mouth]

2. My suggestion:

We will put tariffs on everything coming from any country that are the same as the highest tariff they put on anything of ours.

Simple, fair. utterly predictable. What you do to anything of ours, we do to everything of yours.

Want free trade, you've got it.


Make it automatic and inviolable.

[lagomorph777]

3. That's hilarious. He started a trade war. Tariffs will now go up.

And his boss Vlad is thrilled.