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Saturday, September 1, 2018

EU-US Relations - Tariffs: Trump rejects EU offer to scrap car tariffs – by Maxime Schlee

This is what "the US Consigliere" thinks about the EU
U.S. President Donald Trump said the EU’s offer to scrap tariffs on cars is “not good enough” because European consumers’ “habits are to buy their cars, not to buy our cars.”

In an interview with Bloomberg published Friday, Trump also said the EU “is almost as bad as China, just smaller.”

On Thursday, EU trade chief Cecilia Malmström told European Parliament’s trade committee that Brussels is willing to scrap tariffs on all industrial products, including cars, in its trade talks with the United States.

“We are willing to bring down even our car tariffs down to zero … if the U.S. does the same,” she said, adding that “it would be good for us economically, and for them.”

Trump also took aim at the World Trade Organization, telling Bloomberg: “If they don’t shape up, I would withdraw from the WTO,” adding that the agreement establishing the body is “the single worst trade deal ever made.”

The U.S. president said his country has “rarely won a lawsuit” in the WTO, “except for last year.”

Read more: Trump rejects EU offer to scrap car tariffs – POLITICO