Photo by Gage Skidmore/Flickr
A warning shot has been fired by the European Commission over the veiled threat of Donald Trump, the President of the United States of America, regarding a trade war saying that it will react “swiftly and appropriately” to any change in the trade measures.
Last night, at an interview with Piers Morgan of ITV, Trump said that he’d had “a lot of problems with the European Union, and it may morph into something from that standpoint, from a trade standpoint.”
Trump continued: “We cannot get our products in. It’s very, very tough. And yet they send their products to us – no taxes, very little taxes. It’s very unfair…. and I think it will turn out to be very much to their detriment.”
However, this morning, a spokesperson from the European Commission struck back, saying that “restrictive trade measures from the United States” would receive a robust response.
“For us, trade policy is not a zero-sum game, it is not about winners and losers,” said the spokesperson. “We here in the European Union believe that trade can and should be win-win.
“We also believe that while trade has to be open and fair it has also to be rules-based.
“The European Union stands ready to react swiftly and appropriately in case our exports are affected by any restrictive trade measures from the United States.”
When questioned what that might entail, the spokesperson chose to leave the threat veiled. “I think that my last point is best understood if I don’t elaborate any further,” said the spokesperson.
Last week, the International Trade Commission unanimously ruled against the plan of Donald Trump to impose a 292 percent tariff on Bombardier, after rival Boeing claimed that it had engaged in anti-competitive practices over the new C series planes of the company.
The United States has made it clear that it would like the United Kingdom to relax certain standards to improve trade between the two countries, with Wilbur Ross, the commerce secretary, informing business leaders in London to ditch the “protectionist” policies of the European Union after Brexit.