Five Star and Trump have Brussels panicking
European Union trade chief Cecilia Malmstrom said she's still in the dark about whether the bloc will be let off the hook from planned US tariffs after "frank" but ultimately fruitless talks with her American counterpart in Brussels on Saturday.
She will meet with U.S. Trade Representative Robert Lighthizer and Japanese Trade Minister Hiroshige Seko in Brussels on Saturday when she will ask whether the European Union is to be included in the tariffs.
Other officials at the EU, by far the biggest trading partner of the United States by value, have warned it could take counter-measures including European tariffs on U.S. oranges, tobacco and bourbon.
Hardt called the U.S. decision a "blow to transatlantic economic ties" and criticised U.S. President Donald Trump for seeking answers to U.S. economic problems overseas.
Trump has said the tariffs, which will come into effect 15 days after he formally unveiled them Thursday, will not initially apply to Canada and Mexico.
President Donald Trump on Saturday continued to knock the European Union on trade, threatening EU automakers, as the key bloc of United States allies press for an exemption to his tariff package.
Cecilia Malmstrom met with the US Trade Representative Robert Lighthizer and Japan's Trade Minister Hiroshige Seko in Brussels.
Allies, rivals alike hit out at Trump trade tariffs
That's why the strongest official reactions to the imposition of tariffs came from the relevant Canadian and Brazilian Ministers. A trade war is essentially an escalating set of tit-for-tat trade restrictions imposed on each other by some trading countries.
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The EU has become increasingly exasperated with Mr Trump's "America First" agenda, viewing it as a threat to the multilateral trade order that the USA played a leading role in building after the second World War. "Our government will discuss with US authorities the possibility exempting Argentinian exports of both products from the tariffs".
Trump's decision to impose tariffs on imports of steel and aluminum has riled markets and prompted backlash from USA trading partners, including the European Union. Big Deficit. If not, we Tax Cars etc.
Lighthizer's meetings with European Union trade chief Cecilia Malmstrom and separately with Japanese Trade Minister Hiroshige Seko were long planned, but they took on added urgency as allies warned the US moves could provoke a global trade war. Brussels has reminded Trump that tit-for-tat trade measures deepened the Great Depression in the 1930s and in the 2000s cost thousands of USA jobs when Washington imposed tariffs on European steel.
The EU executive said it remained unclear how an exclusion would work.
German Chancellor Angela Merkel warned that "no one can win in such a race to the bottom" while French President Emmanuel Macron said Trump risked provoking a mutually destructive "trade war".
Lighthizer, a loyalist to Trump's "America First" mantra, made no official comment after the talks, but the three sides did agree on a series of next steps to address the oversupply worldwide of steel and other materials, mainly by China. "China would have to make a justified and necessary response", he added.
Brussels is also looking at "safeguard" measures to protect its industry - restricting the bloc's imports of steel and aluminum to stop foreign supplies flooding the European market, which is allowed under World Trade Organization rules.
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