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European Central Bank: Trump tariff move 'dangerous'
Associated Press ^ | Mar 8, 2018 12:44 PM EST | David McHugh

Posted on 03/08/2018 6:41:29 PM PST by Olog-hai

Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move.

Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures … is not going to be big.” But he said such disputes should be worked out among trade partners, not decided by measures initiated from one side.

“Whatever convictions one has about trade … we are convinced that disputes should be discussed and resolved in a multilateral framework, that unilateral decisions are dangerous.”

“There is a certain worry or concern about the state of international relations. If you put tariffs against … your allies,” Draghi said, “one wonders who the enemies are.”

Trump is expected to announce by the end of this week tariffs of 25 percent on steel and 10 percent on aluminum. Trump has long singled out China for being unfair in trade practices, but experts say tariffs would hurt U.S. allies Canada and the European Union far more.

Draghi warned that unilateral moves like these tariffs could trigger retaliation — which the EU and China, among other, have already threatened. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: china; draghi; ecb; eurobanking; eussr; redchina; tariffs; tradewar

1 posted on 03/08/2018 6:41:30 PM PST by Olog-hai
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To: Olog-hai

Believe it played a role in Kim Jong Prefix’s eagerness to meet with Trump.


2 posted on 03/08/2018 6:42:56 PM PST by Eddie01
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To: Olog-hai
European Central Bank: Trump tariff move 'dangerous'

Dangerous? All the more reason for the European Central Bank to encourage Europe to stop imposing high tariffs on the U.S.

3 posted on 03/08/2018 6:43:47 PM PST by gunsequalfreedom
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To: Olog-hai
One need only listen to Nigel Farage and Jacob Rees-Mogg (an amazing member of the British Parliament...check him out on youtube) to see how dangerous the European Central Bank is
4 posted on 03/08/2018 6:51:18 PM PST by Gay State Conservative (Obama & Hillary: The Two Most Corrupt Politicians of My Lifetime.)
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To: Olog-hai

Translation: Looks as though our “gravy train” in the US may well be over!


5 posted on 03/08/2018 6:52:48 PM PST by vette6387
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To: Olog-hai
Draghi warned that unilateral moves like these tariffs could trigger retaliation. What are they going to do? Raise their already incredibly high tariffs?
6 posted on 03/08/2018 7:14:08 PM PST by 3ZZZ
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To: Olog-hai

“That’s right.....I AM Dangerous.”


7 posted on 03/08/2018 7:15:27 PM PST by dfwgator
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To: Olog-hai
If you put tariffs against … your allies,” Draghi said, “one wonders who the enemies are.”

One does wonder, doesn't one, Mr. Draghi?

8 posted on 03/08/2018 7:17:42 PM PST by RegulatorCountry
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To: Olog-hai

Draghi and Junker: this is GLOBALISM.


9 posted on 03/08/2018 7:23:36 PM PST by 867V309 (Lock Her Up)
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To: Olog-hai

Dangerous to the European Central Bank?

AWESOME!


10 posted on 03/08/2018 7:27:09 PM PST by TADSLOS (Alex Jones isn’t quite the wing nut now, all things considered.)
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To: Olog-hai

“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual”


11 posted on 03/08/2018 7:51:45 PM PST by seowulf
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To: Olog-hai
a “dangerous” unilateral move

Just means not good for them.

12 posted on 03/08/2018 7:53:44 PM PST by NutsOnYew (If the world was perfect, it wouldn't be.)
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To: Olog-hai
“Whatever convictions one has about trade … we are convinced that disputes should be discussed and resolved in a multilateral framework, that unilateral decisions are dangerous.”

So they think that all unilateral decisions--not just tariffs--are "dangerous"; countries watching out for their own economic interests is "dangerous", according to the EU--and does that include unilateral decisions by the EU?

13 posted on 03/08/2018 8:24:48 PM PST by Fedora
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To: Olog-hai

They have no shame.


14 posted on 03/08/2018 8:56:28 PM PST by Professional
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To: Olog-hai

If the European Central Bank is against it, I am for it.


15 posted on 03/08/2018 9:43:05 PM PST by PGR88
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To: Olog-hai

Somebody here posted yesterday the EU imposed steel tarrifs at the beginning of 2016!!
What hypocrites.


16 posted on 03/08/2018 10:09:32 PM PST by Finalapproach29er (luke 6:38)
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