Trump’s MAGA policy remains unchanged as EU warns to impose additional retaliation tariffs on US products

Participation of Jean-Claude Juncker, President of the EC, at the G7 Summit, in Canada
Giuseppe Conte, Donald Trump, Jean-Claude Juncker
Date: 08/06/2018. Location: Canada. © European Union , 2018 Photo: Etienne Ansotte

EU threatened the US last Friday with tariff measures on 294 billion dollars of US exports in case Donald Trump’s administration imposes import tariffs on cars and car parts. The US president seems to be doing whatever possible to cause trade wars all over the world.

The Old Continent will continue attempting to persuade Mr Trump to change the America’s First policy and find a fair trade deal for all. Prime Minister Rutte of the Kingdom of the Netherlands was the first EU leader to have visited the White House in order to discuss on trade, among other topics, between the EU and US. Furthermore, the president of the European Commission plans to meet the US president to reverse the trade tensions between the two nations.

EC president’s uncertainty

Jean Claude Juncker mentioned last Friday that will accept the invitation of Mr Trump to travel to Washington by the end of the month. The intention of the EC president is to try convincing the US president to change his trade policy adding to what has already been said at the G7 summit in Canada last month. More specifically, Mr Juncker stated: “I will travel to Washington before the end of July. In summary, I will be presenting what I said to Mr Trump at the G7 summit in Canada. If you add everything together – trade in goods, profits made by American multinationals in Europe and services – then the balance is completely different. Because then we will have a deficit and not our American friends. We’re going to do all that again in Washington. When it comes to Europe we have to show that we exist, that we are united and that we are presenting – member states, the Commission, the president of the Council – the same view.”

However, the EC president is very pessimistic that the US administration will change the current offensive trade policy towards Europe and the rest of the world. According to Mr Junker, the bloc should insist on the retaliation measures in order to protect its economies.

EU threatens US exports

In a written submission to the US Department of Commerce seen by the Financial Times, the EU has shown its intentions to implement countermeasures worthy of 294 billion dollars of US exports in a clear attempt to oppose to the tariffs which have already or will be imposed by the US. This move comes after the warning by the US president to impose a 20% tariff on all U.S. imports of European Union-assembled cars.

What is more, the aforementioned possible action “could result in yet another disregard of international law”, create bad reputation for the US internationally and damage the global economy according to the European Commission’s document.

Rutte says “no” to Trump

The Prime Minister of the Netherlands met US president in the White House last Monday where both leaders talked over trade. Mr Trump mentioned that the EU wants to close a deal and it will be positive if it will be done but it will be also positive if it will not be done. The response was immediate by Mark Rutte who stated that it will not be positive if the US and EU will not come to a common agreement and both parties have to act in this direction.

The White House doesn’t seem to change its policy, especially on trade, targeting all countries with punitive tariffs. More in detail, the US president said last Sunday focusing on the car situation: “The European Union is possibly as bad as China, just smaller . . . It is terrible what they do to us”.

But Trump’s MAGA (Make America Grear Again) is also aiming at the World Trade Organisation (WTO). According to a recent statement, it is said that the WTO has not treated the US in a fair way and has created an alliance with the EU against the United States.

All in all, the attempt of the EU to negotiate on trade with the US and particularly with President Trump is most likely going to be in vain. As the current situation evolves together with the fact that EU and China will not leave this unanswered, one thing is for sure; the MAGA policy is about to cause a global disorder.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Diversity training doesn’t change people’s behaviour. We need to find out what does

Can Kiev make face to mounting economic problems and social unrest?

FROM THE FIELD: Enslaved Guatemalan indigenous women wait for reparations

EU adopts rebalancing measures in reaction to US steel and aluminium tariffs

Women’s rights in Asia – how far have we come?

The “Legend of the Sun” wishes you Happy Chinese New Year 2015 from Brussels

Humanitarian emergency in Venezuela was central debate of the EuroLat plenary

5 charts that explain big challenges facing Italy’s new government

Portugal: Budget MEPs back €4.66 m in job-search aid for 730 redundant workers

The US calls off globalization, targets Germany. Paris offer to Berlin comes at a cost

Does the world have strong enough institutions to handle risks like Trump and Brexit?

Safer products: stepping up checks and inspections to protect consumers

The Oslo model: how to prepare your city for the electric-vehicle surge

Statement by the Brexit Steering Group on UK paper on EU citizens in the UK

The European Sting @ Mobile World Congress 2014, Creating What’s Next for the World. Can EU Policy follow?

The big challenge of leadership and entrepreneurship in Europe

ECB settles the bank resolution issue, makes banking union tangible

Close to 7,000 evacuated from Syrian towns after enduring nearly 3-year siege

Irish Presidency: Not a euro more for EU budgets

Brussels wins game and match in Ukraine no matter the electoral results

Trump asked Merkel to pay NATO arrears and cut down exports ignoring the EU

A skills gap is jeopardizing efforts to end energy poverty

Will the EU ever tackle the migration crisis despite the lack of political will?

Euronest: delivering reforms is the best way forward for EU’s Eastern Partners

More solidarity and interaction between generations needed to challenge age stereotypes and ingrained ageism

EU’s Mogherini visits Turkey “to step up engagement” and highlight interests

Adolescent health has been overlooked for too long

The movement of anti-vaccers: taking humanity back 200 years

EU fundamental rights under threat in several member states

Bayer’s cross at night (Copyright: Bayer AG)

The EU clears Bayer-Monsanto merger amid wide competition and environmental concerns

Air pollution, the ‘silent killer’ that claims seven million lives a year: rights council hears

Is the English language too powerful?

This AI outperformed 20 corporate lawyers at legal work

Canada and EU officially sign the trade agreement that could open-up the road to TTIP

The EU pollution rights trading system frozen

High unemployment to continue haunting the EU

Draghi tells the EU Parliament his relaxed policies are here to stay

The countries with the most satellites in space

German and French bankers looted the Irish and Spanish unemployed

UN commission agrees roadmap on ensuring women’s social protection, mobility, safety, and access to economic opportunities

Plan for troop pullback ‘now accepted’ by rival forces around key Yemen port, but fighting intensifying elsewhere, Security Council warned

What cryptocurrencies will do to the integrity of politics

Can the Americans alone determine the future of Syria?

Heat-resistant crops, ‘green’ infrastructure, can prepare Near East and North Africa to better tackle droughts – UN agency

China repels EU allegations of export subsidies

EU: Turkey to shelter Syrian refugees and turn other immigrants back in return of €3 billion

A European young student shares his thoughts on Quality Education

A Sting Exclusive: EU Commission’s Vice President Šefčovič accentuates the importance of innovation to EU’s Energy Union

UN, Egypt help avert another Israel-Palestine war in Gaza that was ‘minutes away’, Security Council hears

2014 budget: The EU may prove unable to agree on own resources

Global Citizen – Volunteer Internships

Cyprus President urges collective leadership to address ‘root causes’ of world’s crises

UN refugee agency presses States to aid 49 refugees stranded on Mediterranean

Large parts of the world are growing more fragile. Here are 5 steps to reverse course

Security Union: political agreement on strengthened Schengen Information System

Reintegrating former rebels into civilian life a ‘serious concern’ in Colombia: UN Mission chief

GSMA Announces New Speakers for Mobile 360 Series – Middle East and North Africa

Are the G20 leaders ready to curb corporate tax-avoidance?

The Syrian knot cannot be cut without devastating consequences

MWC 2016 LIVE: The top 5 themes of this year’s Mobile World Congress

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s