Advert

EU hits out at trade bullies as Trump row deepens

The EU’s top trade official yesterday said Europe would stand up to intimidation by protectionists, as a row with US President Donald Trump over controversial steel and aluminium tariffs heated up.

“In some places trade has been to blame for the pains of globalisation or they used it as a scapegoat or they think we can live behind walls and borders,” European Trade Commissioner Cecilia Malmström said at a conference in Brussels.

“Recently we have seen how it is used as a weapon to threaten and intimidate us. But we are not afraid, we will stand up to the bullies,” Malmström said.

Trump has singled out Europe in the billowing trade row, threatening to tax German cars if the EU does not lower barriers to US products. The tycoon’s threat is part of a dispute over an announcement of tariffs on steel and aluminium imports, although the Trump administration has said it will consider exceptions and has already spared Mexico and Canada.

The announcement of duties of 25 per cent on imported steel and 10 per cent on aluminium has stung the EU and other major partners, coming as a surprise to allied countries and to many in Washington. Malmström fired back at Trump after holding fruitless talks in Brussels on Saturday with US Trade Representative Robert Lighthizer aimed at defusing the row and avoiding an all-out trade war. Those efforts are expected to continue this week.

Advert
Comments not loading? We recommend using Google Chrome or Mozilla Firefox with javascript turned on.
Comments powered by Disqus  
Advert
Advert