Trump European Union is 'possibly as bad' as China on trade

If the USA starts taxing Chinese imports Friday, Beijing plans to impose 25 percent tariffs on 545 us products worth $34 billion a year - from soybeans and lobsters to sport-utility vehicles and whiskey.

Growing strains between the United States and its global trade partners could have a disproportionate impact on South Carolina's economy, potentially hitting local workers and consumers in their wallets.

In a written statement to the U.S. Department of Commerce, the EU set out clear plans to respond to potential U.S. duties on European cars.

The agency, according to Reuters, has begun launching a campaign that pushes back against the President's trade war.

Trump's government is threatening to raise tariffs for EU-made cars to 20% to "rebalance" the EU's 10% tariff on cars imported into its region. The U.S. has higher tariffs on trucks and other products, she said.


The documents submitted to the Commerce Department also said that tariffs on cars and vehicle parts could undermine auto production in the United States by creating higher costs for US manufacturers.

Mr. Trump's administration wants Germany - which would be hardest hit by automotive tariffs - to pressure the European Union to come to an agreement.

That came on top of the tariffs on Chinese steel and aluminum that went into effect in late March - measures that prompted Beijing to slap punitive duties on 128 US goods, including pork, wine and certain pipes.

The United States is set to impose tariffs on $34 billion worth of additional goods from China on July 6.

According to Foreign Minister Chrystia Freeland, Canada is working closely with the European Union and Mexico to take on the USA economic machine. "We won't do it and we have told them that".


The Chamber opposes the Trump administration's tariff policy, estimating the impact of the tariffs on each state with an interactive map on TheWrongApproach.com.

Trump on Wednesday said he supported tougher restrictions on foreign investment in sensitive technology, as well as export controls on those goods, but he stopped short of imposing specific restrictions on China. And China will promptly strike back with tariffs on an equal amount of USA exports.

Retaliation for his tariffs came swiftly. He noted that European carmakers create over half a million jobs in the U.S. "I love those countries", said Trump, naming Germany and Scotland.

This comes after President Trump instructed the Commerce Department to launch an investigation into the European Union and the auto industry on the grounds of national security matters.


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