EU-Turkish Relations: EU and Turkey on same side against US - by Bugra Susler

The Turkey-US trade spat has led to EU leaders backing Turkey against the US administration's policies.

This not only shows the extent of economic interdependence between Europe and Turkey, but also signals the development of a common stance in the face of a bullying trade partner.

When US president Donald Trump took to Twitter to celebrate the downward trajectory of the Turkish lira against the US dollar, Europe was concerned about the potential spillover of rapidly growing economic turmoil in Turkey.

In particular, Germany, Turkey's biggest trading partner, came to Turkey's defence.

At a news conference in Berlin, German chancellor Angela Merkel made it clear that "Germany would like to see an economically prosperous Turkey" and emphasised that "No one has an interest in the economic destabilisation of Turkey."

USA -Trump Trade Wars: Southern states among hardest hit by China tariffs - by Andrew Soerge

 Exporters in manufacturing-heavy states such as Alabama, South Carolina and Kentucky are among those that stand to lose the most from a protracted trade war with China, according to a U.S. News analysis of government trade data that suggests newly erected trade barriers into the Chinese market could stifle industries shipping billions of dollars of goods into Asia's largest economy each year.

The U.S. Census Bureau estimates the U.S. exported nearly $130 billion in commodities to China last year, an increase of nearly $14 billion from 2016's trade total. Newly erected tariffs on some of those goods – a byproduct of a tit-for-tat trade conflict that's developed between President Donald Trump's administration and members of Chinese President Xi Jinping's regime – stand to raise prices on U.S. exports, with farmers and manufacturers, in particular, concerned about their products getting priced out of the world's second-largest economy.

"What is clear is that we are in a trade war," Daniel Ikenson, director of the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies, said in a statement last week. "With very little substantive dialogue underway between the governments, matters are likely to get much worse before they get better."

The average U.S. state shipped 9 percent of its total commodity exports to China in 2017 – valued at an average of $2.5 billion. Washington, California and Texas led the way in China exports, each shipping more than $16 billion in goods to the country in 2017.

Read more: Southern states among hardest hit by China tariffs

US TARIFFS: China ready to fight US

Read more at:

http://www.scmp.com/news/china/diplomacy-defence/article/2148435/china-ready-fight-if-us-carries-out-renewed-tariffs

Canada: US Tariffs on imported cars: aaTrump might be more of a treat to US national security than imported cars frm Canda

Trump, not Canadian auto industry, may be the threat to U.S. national security: Don Pittis

Read more at:  http://www.cbc.ca/news/business/trump-trade-chaos-nafta-1.4677667 Shared via the CBC News Android App

Trump - Tariffs: European Union releases 10-page list of potential targets for retaliatory tariffs on U.S. products - by David J. Lynch and Michael Birnbaum

The list offered the most detailed glimpse to date of the likely targets for E.U. action, including products selected for maximum political impact in the United States. Among them: bourbon, a specialty of Kentucky, Senate Majority Leader Mitch McConnell’s home state; cranberries, which are grown in House Speaker Paul D. Ryan’s native Wisconsin; orange juice from Florida; and tobacco from North Carolina.

 “It’s pretty clear they’re trying to wake up American legislators, who are the only ones in government who can influence the president on this issue,” said Chad Bown, a trade expert at the Peterson Institute for International Economics. Still, the European Union said its response to Trump’s tariffs is designed to conform with World Trade Organization

Note EU-Digest: it is high time the EU stops playing footsie with the US and takes their gloves off. There are much tougher ways to deal with the US when it comes to convincing their ego-maniac President.

Trump better take note that the adjusted GDP of the 28 EU member nations  is bigger than both China and the US, based on the traditional list of world's economic super powers.

The EU can do a lot of harm to the US economy if Donald Trump continues on this destructive route
  
Read : moreEuropean Union releases 10-page list of potential targets for retaliatory tariffs on U.S. products - The Washington Post