BBC: Trump steel tariffs: European Union gears up for trade war
European Union officials have said they will respond "firmly" if US President Donald Trump presses ahead with his plan for steep global duties on metals.
EU trade chiefs are considering slapping 25% tariffs on around $3.5bn (£2.5bn) of imports from the US, Reuters news agency reports.
World Trade Organization Director General Roberto Azevedo said: "A trade war is in no one's interests."
The rhetoric ramped up as Mr Trump tweeted that "trade wars are good".
International condemnation has greeted the US president's Thursday announcement that he plans to impose a 25% tariff on steel imports and 10% on aluminium next week.
Read more ....
WNU Editor: U.S. steel and aluminum manufacturers are (not surprising) praising these tariffs .... Steel, Aluminum Makers Are Among Few to Praise Tariff Plans (Wall Street Journal). The countries that are being targeted for these steel and aluminum tariffs (see graph here) enjoy trade surpluses with the U.S. .... a trade war is not in their interest right now. But if they do pursue it .... expect even more retaliation from the White House.
More News On Growing Concerns That We Are On The Brink Of A Trade War
Europe pushes back against Donald Trump's proposed steel and aluminum tariffs -- DW
Trump trade tariffs: Europe threatens US bikes, bourbon and bluejeans -- The Guardian
Trump's steel and aluminum tariffs could rattle Canada's economy and Nafta -- CNBC
Can Canada win a trade war with the U.S.? -- Allan Shifman, Yahoo News
Donald Trump to impose tariffs on imports of steel and aluminium -- ABC News Online
Trump's 25 percent duties plan draws angry reactions -- Al Jazeera
Kremlin comments on US plans on steel import duties -- TASS
US holds 'frank' talks on trade with Chinese envoy: White House official -- Reuters
China grumbles at Trump's tariff move, but Europe takes aim at Harleys and bourbon -- Washington Post
Businesses Duck And Cover As Trump Says Trade War Is 'Easy To Win' -- NPR
0 Response to "Are We On The Brink Of A Trade War?"
Post a Comment