Gunny
03-07-2018, 08:32 AM
EU trade commissioner Cecilia Malmstrom set out plans to retaliate against the proposed US tariffs.
These include higher import duties on bourbon, peanut butter, cranberries, orange juice, steel, and industrial products, she said.
On Tuesday, Donald Trump's top economic advisor Gary Cohn, who opposes tariffs, resigned.
That was after Mr Trump said EU trade rules make it "impossible" for US firms to do business (http://www.bbc.com/news/business-43316228#) with the bloc.
Ms Malmstrom said the US justification for the proposed 25% tariff on steel imports and 10% tariff on aluminium was that US national security is threatened.
"We have serious doubt about that justification. We cannot see how the European Union, friends, and allies in Nato, can be a threat to national security in the US," she said.
"We find that assumption deeply unjust."
She added: "We have made clear that if a move like this is taken, it will hurt the European Union, it will put thousands of European jobs (http://www.bbc.com/news/business-43316228#) in jeopardy, and it has to be met by a firm and proportionate response."
She also said the EU was "intensively talking" to US counterparts to try to persuade Washington "to have a rethink".
http://www.bbc.com/news/business-43316228
Dumb. The EU is going to strong arm Trump? That'll work :rolleyes: How about the EU "have a rethink"? Just how hard is it to figure out Trump's MO? It amazes me these people get paid fortunes to be so clueless.
Trump's looking for a deal. Instead of whining and trying to grandstand, why not try to get those thimble-sized brains in gear and at least propose one.
And before the EU starts trying to lay down wood, might want to look at the reality and truth. Those commodities they want to raise taxes on? The EU citizens might not care so much about not having them.
If the EU is sitting on lopsided deals with the US, then the fat cats ARE going to cry at losing some profit. Too bad.
And, the Gunny disclaimer ... this has NOTHING to do with my stance on artificially rescuing a dead market that killed itself. That remains the same. I am referring here to actual "NOW" viable, in place trades we are getting screwed on.
These include higher import duties on bourbon, peanut butter, cranberries, orange juice, steel, and industrial products, she said.
On Tuesday, Donald Trump's top economic advisor Gary Cohn, who opposes tariffs, resigned.
That was after Mr Trump said EU trade rules make it "impossible" for US firms to do business (http://www.bbc.com/news/business-43316228#) with the bloc.
Ms Malmstrom said the US justification for the proposed 25% tariff on steel imports and 10% tariff on aluminium was that US national security is threatened.
"We have serious doubt about that justification. We cannot see how the European Union, friends, and allies in Nato, can be a threat to national security in the US," she said.
"We find that assumption deeply unjust."
She added: "We have made clear that if a move like this is taken, it will hurt the European Union, it will put thousands of European jobs (http://www.bbc.com/news/business-43316228#) in jeopardy, and it has to be met by a firm and proportionate response."
She also said the EU was "intensively talking" to US counterparts to try to persuade Washington "to have a rethink".
http://www.bbc.com/news/business-43316228
Dumb. The EU is going to strong arm Trump? That'll work :rolleyes: How about the EU "have a rethink"? Just how hard is it to figure out Trump's MO? It amazes me these people get paid fortunes to be so clueless.
Trump's looking for a deal. Instead of whining and trying to grandstand, why not try to get those thimble-sized brains in gear and at least propose one.
And before the EU starts trying to lay down wood, might want to look at the reality and truth. Those commodities they want to raise taxes on? The EU citizens might not care so much about not having them.
If the EU is sitting on lopsided deals with the US, then the fat cats ARE going to cry at losing some profit. Too bad.
And, the Gunny disclaimer ... this has NOTHING to do with my stance on artificially rescuing a dead market that killed itself. That remains the same. I am referring here to actual "NOW" viable, in place trades we are getting screwed on.