WASHINGTON (BLOOMBERG) - The European Union's new trade chief pulled no punches on an inaugural visit to Washington, saying President Donald Trump's tariff threats amount to short-sighted electioneering and warning him about widespread economic damage from protectionism.
"But, if we fail to do so, the damage will be significant, not alone for us both, but for the world." Mr Hogan took a swipe at a preliminary trade agreement reached between the US and China, saying the deal smacked of"managed trade" and threatening an EU complaint to the World Trade Organisation (WTO). The pact was signed with much fanfare in Washington on Wednesday, two days after Mr Hogan arrived in the city.
"We're not trigger-happy about taking cases to the WTO - we don't want to create that impression. But we'll stand up for our own economic interests." 'LET'S TALK' Mr Hogan sharply criticised the Trump administration's invocation of national security to apply duties in 2018 on EU steel and aluminum, and threaten similar levies on European cars and auto parts. The metal duties prompted tit-for-tat EU tariffs, and the bloc has pledged to react the same way were European automotive goods to be targeted.
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The Straits Times » / 🏆 8. in SG ST doing its first of many antiTrump hit pieces. How’s the Singapore GDP growth compared to USA? How’s the SPH share price since Trump was elected?
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