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Friday, March 23, 2018

USA Trump Tariffs - EU threats against Trump tariffs work - Trump backs down, temporarily excludes EU, 6 other allies from aluminum/steel tarifs - by Lesley Wroughtons

Mommy Merkel will spank you Donald if you keep misbehaving
U.S. President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher U.S. import duties on steel and aluminum meant to come into effect on Friday.

In a presidential proclamation published late on Thursday, Trump said he would suspend tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the U.S.’s biggest trading partner, until May 1, 2018 as discussions continue.

After May 1, Trump would decide whether to permanently exempt the countries based on the status of talks, the White House said in a statement.

Earlier, German Chancellor Angela Merkel warned that the EU would respond firmly if the United States did not exempt European steel and aluminum.

The EU also has published a list of US products, services and corporations  which would immediately be targeted if Trump did not back down from his tariff threats..

Note EU-Digest: the response by the EU and Mrs. Merkel in reference to the Trump proposed tariffs was excellent, and an example of how the EU should continue to deal with Donald Trump's tantrums,wild threats, and fantasy, about making America great again.  

EU-Digest - from Reuters report