>Preparing European steelmakers for a bleak scenario, the EU’s Trade Commissioner Cecilia Malmström said on Tuesday (22 May) there were “signals” from the US administration that it would impose tariffs on EU’s steel and aluminium exports or enforce other types of restrictions.
>Trump granted a temporary exemption to Europe on the tariffs but set 1 June as a deadline for finding a solution. His ultimate goal is to reduce the US trade deficit vis-à-vis Europe.
>If he is not satisfied with the European offer, he could impose 25% and 10% tariffs on Europe’s steel and aluminium exports to the US, respectively.
>Diplomats noted over the past days that Germany was pushing for starting trade negotiations with the US administration in order to avoid the tariffs and the start of a trade war with Europe.
he's all bluster and appeasing to his boomer base. He's also said the same shit about China, but is desperately trying to save ZTE
Jayden Diaz
Starting a trade war is always dumb, even more so doing it with the EU
Henry Clark
The last time was in the early 2000s. Europe was still a consumption powerhouse and the US in a small recession.
It's 2018. Europe is trapped in an eternal financial crisis and the US is doing well. The parties are also in complete disarray so trying to target influential Republicans is pretty much pointless.
Liam Brown
The EU will crush all opposition. China, the US and Russia will all fold before us in the impending war
Dominic Martinez
We grew more than the US in 2017, pretty much everyone in the EU is doing well. Eastern Europe is booming. We are also about to finalize new trade deals with Canada and a bunch of other countries. If the US is doing so well I don't see reasons to resort to protectionism
Zachary Hill
Yeah, and it only took you ten years of negative interest rates.
Bravo, you inflated asset prices by 2.7% by flooding your economies with cheap money. Truly European economics is a thing to behold.
Why is it always Americans starting trade wars? I thought that free trade was good and cool and that mutts love that shit. Where are the protectionists in EU?
Angel Anderson
Not a news that we were in crisis. But the EU isn't doing badly as an institution and as a trade block
Cooper Nelson
not this time.
Angel Hernandez
>brainlet leftist trys to act like he understand international trade.
go to /lgbt/ with you.
Justin Reyes
Why? He seems to be winning it. Europeans are not as strong as they were, they know they can't win a trade war when their union is falling apart.
Jackson Price
>Why? He seems to be winning it. Why did he backpedal on the first measures then? >they know they can't win a trade war when their union is falling apart. Lolwut? The EU hasn't been in a better shape in the last 10 years probably
Brayden Reed
I thought we had no inflation.
Anthony Murphy
The lack of inflation is another issue altogether, and is more tied to an aging, investment and export driven economic model (although France is actually doing fairly good in this regard, it's just tied down by everyone else).
Negative interest rates are basically an attempt force liquidity into markets when none is really available. There's a reason why European banks are kind of on the rocks right now - you can't make money on loans in an environment of negative interest rates.
Luis Wood
>Ongoing crisis >Brexit >Catalonia crackdown >Upcoming Italy shitshow The e""""u"""" is dead as we knew it or will totally cease to exist in any form
Logan Nelson
>Ongoing crisis The economy is doing way better >Brexit An absolute shitshow, no wonder nobody wants to follow the UK >catalonia crackdown I haven't seen that in the news in the last 10 months, it's more of a Spanish internal thing >Italy shitshow They already backed down on leaving the eurozone, and they are surely not leaving the EU. Our probable next PM is quite moderate
Mason Turner
And how do the US manage to do well?
Tyler Collins
It's a completely different system desu. The US has a fairly robust population (young with lots of consumption) and a large, diverse financial sector. The government doesn't need to lean on banks with negative interest rate policies in order to drum up liquidity, since most businesses in the US are funded by private equity markets and not by banks.
There's a ton of differences between the two systems and I could spend hours going through them, but pic related kind of cuts to the heart of the issue.
The economy is based on anemic growth and investment. Europe is lagging far behind in most cutting edge technology and has 0 army. It's an irrelevant peninsula that still has cash from colonialist momentum. You will be next when your government will try to fullfil it's promises and the eurocrats will sabotage tlyour economy and shut down your banks. e""""u"""" is all about human rights and freedom till the time comes to prove it. With Catalonia they just shut their lying, snake tongued mouths.
Henry Wilson
Oh you're the butthurt greek Opinion discarded
Liam Stewart
The only butthurt i see in here is from eubots now that they see that their shithole """"union"""" is crumbling.
Asher Howard
Nah you are butthurt. Think on how many words have you written about e"""""u"""""" on this site seething.
Ryder Thomas
Yes and i encouraged many other anons to speak up about the e""""u"""".
Leo Rodriguez
>butthurt He is autistic. His behavior is a copy-pasta of Sheikh Suleiman al-Britani.
Zachary Campbell
Yes we're the same person probably too
Christopher Gutierrez
funny thing is, whatever happens, whatever everyone else boycots, it's good for US domestic economy and it creates jobs in the US. and everyone else just loses US money and market access until they bend over or agree to be American corporations' puppets to avoid competitive disadvantage
Easton Sullivan
>Why did he backpedal on the first measures then? Negotiating tactic.
Dominic Watson
>The EU hasn't been in a better shape in the last 10 years probably You say this as Brexit is happening, Italy is about to create and anti-eu government and some eastern block nations defy every order from brussels.
I'm not even talking about the millions of nigger invaders.
Levi Rodriguez
So the most major effects on the eu are just being brushed aside by you.
If you can't argue your point don't even bother, wop.
