Skip to comments.European Central Bank: Trump tariff move 'dangerous'
Posted on 03/08/2018 6:41:29 PM PST by Olog-hai
Europes top monetary official criticized U.S. President Donald Trumps 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.
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Believe it played a role in Kim Jong Prefix’s eagerness to meet with Trump.
Dangerous? All the more reason for the European Central Bank to encourage Europe to stop imposing high tariffs on the U.S.
Translation: Looks as though our “gravy train” in the US may well be over!
“That’s right.....I AM Dangerous.”
One does wonder, doesn't one, Mr. Draghi?
Draghi and Junker: this is GLOBALISM.
Dangerous to the European Central Bank?
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual”
Just means not good for them.
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?
They have no shame.
If the European Central Bank is against it, I am for it.
Somebody here posted yesterday the EU imposed steel tarrifs at the beginning of 2016!!
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