{"id":68879,"date":"2018-03-19T03:30:09","date_gmt":"2018-03-19T03:30:09","guid":{"rendered":"http:\/\/www.bnreport.com\/donald-trump-issues-new-trade-threat-to-eu-8\/"},"modified":"2018-03-19T03:30:09","modified_gmt":"2018-03-19T03:30:09","slug":"donald-trump-issues-new-trade-threat-to-eu-8","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/donald-trump-issues-new-trade-threat-to-eu-8\/","title":{"rendered":"Donald Trump issues new trade threat to EU"},"content":{"rendered":"<p>U.S. President Donald Trump has warned EU countries that he will further increase tariffs unless they lower theirs.<\/p>\n<p>Trump last week confirmed he would slap additional duties of 25 percent on steel and 10 percent on aluminum imports.<\/p>\n<p>In a new tweet from Saturday, he now offered Europe a way out of the tariffs, combined with a threat to tax even more goods.<\/p>\n<p>\u201cThe European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel &amp; Aluminum. If they drop their horrific barriers and tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!,\u201d the <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/972585290857672704\" rel=\"noreferrer\" target=\"_blank\">president tweeted<\/a>.<\/p>\n<p>World Trade Organization rules ban countries from increasing their tariffs, but Washington has argued the hikes were justified under an exception for national security.<\/p>\n<p>European <a href=\"https:\/\/www.politico.eu\/article\/france-tells-trump-a-trade-war-wont-go-his-way-tariffs-jean-baptiste-lemoyne\/\" rel=\"noreferrer\" target=\"_blank\">leaders have warned that Trump\u2019s trade strategy<\/a> could trigger a global trade war and would hurt the U.S. economy.<\/p>\n<p>In <a href=\"https:\/\/www.politico.eu\/pro\/donald-trump-trade-wars-are-good\/\" rel=\"noreferrer\" target=\"_blank\">another tweet earlier<\/a> this month, Trump said that \u201ctrade wars are good, and easy to win\u201d and offered a radical idea to cut America\u2019s trade deficit: \u201cWhen we are down $100 billion with a certain country and they get cute, don\u2019t trade anymore \u2014 we win big. It\u2019s easy!\u201d<\/p>\n<p>The EU\u2019s trade chief Cecilia Malmstr\u00f6m said Saturday that she received \u201c<a href=\"https:\/\/www.politico.eu\/article\/malmstrom-no-clarity-from-talks-on-steel-tariffs-with-us\/\" rel=\"noreferrer\" target=\"_blank\">no immediate clarity<\/a>\u201d about whether the EU would be exempted from the steel and aluminum tariffs during talks with her opposite number U.S. Trade Representative Robert Lighthizer in Brussels.<\/p>\n<p><a href=\"https:\/\/www.politico.eu\/article\/trump-trade-war-issues-new-trade-threat-to-eu\/?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>U.S. President Donald Trump has warned EU countries that he will further increase tariffs unless the..<\/p>\n","protected":false},"author":1,"featured_media":68880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-68879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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