{"id":67500,"date":"2018-03-08T16:20:27","date_gmt":"2018-03-08T16:20:27","guid":{"rendered":"http:\/\/www.bnreport.com\/eus-malmstrom-tells-trump-there-is-still-time-to-avoid-trade-conflict-2\/"},"modified":"2018-03-08T16:20:27","modified_gmt":"2018-03-08T16:20:27","slug":"eus-malmstrom-tells-trump-there-is-still-time-to-avoid-trade-conflict-2","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eus-malmstrom-tells-trump-there-is-still-time-to-avoid-trade-conflict-2\/","title":{"rendered":"EU\u2019s Malmstr\u00f6m tells Trump there is still time to avoid trade conflict"},"content":{"rendered":"<p>EU trade chief Cecilia Malmstr\u00f6m said Wednesday she hoped that U.S. President Donald Trump would reconsider his steel and aluminum tariffs and avoid a mutually destructive transatlantic trade war like that in 2002.<\/p>\n<p>\u201cI hope that someone in the White House has read the history book,\u201d Malmstr\u00f6m told reporters in Brussels. She was alluding to a 2002 decision by the U.S. administration to impose economic safeguards on steel imports \u2014 against which the EU retaliated \u2014 and which cost \u201cthousands and thousands of American jobs,\u201d according to the Swedish commissioner.<\/p>\n<p>\u201cWe still hope, as a U.S. security partner, that the EU will be excluded\u201d from tariffs, which are justified by national security Malmstr\u00f6m said. She added: \u201cWe also hope to convince the U.S. administration\u201d in a more general way \u201cthat this is not the right move.\u201d<\/p>\n<p>Malmstr\u00f6m also took issue with Trump\u2019s argument that he was protecting national security.<\/p>\n<p>\u201cWe 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 U.S,\u201d she said.<\/p>\n<p>\u201cFrom what we understand the motivation of the U.S. is an economic safeguard measure in disguise, not a national security measure,\u201d she continued. \u201cThat means that the EU is entitled\u201d to retaliate under World Trade Organization rules.<\/p>\n<p>POLITICO published an <a href=\"https:\/\/g8fip1kplyr33r3krz5b97d1-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/03\/POLITICO-EU-retaliation-list.pdf\" rel=\"noreferrer\" target=\"_blank\">EU retaliation list<\/a> on Tuesday.<\/p>\n<p><a href=\"https:\/\/www.politico.eu\/article\/eus-malmstrom-tells-trump-there-is-still-time-to-avoid-trade-conflict\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p> [contf] [contfnew]         <img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcRMd3Tz2gX9xSa6CJyaOj2dokBVcrdaT4yY3R3RI7YmL18vCLZZ\"\/> <\/p>\n<h5><a href=\"http:\/\/www.politico.com\/&gt;Politico&lt;\/a&gt;&lt;\/h5&gt;_&lt;\/p&gt;[contfnewc]_[contfnewc]_&lt;\/body&gt;&lt;\/html&gt;\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>EU trade chief Cecilia Malmstr\u00f6m said Wednesday she hoped that U.S. President Donald Trump would rec..<\/p>\n","protected":false},"author":1,"featured_media":67501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-67500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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