US President, Donald Trump has threatened to impose tariffs
against the European Union and China.
This is in retaliation for duties imposed on imports of US
lobster.
Trump, while speaking at a meeting with fisheries
representatives in Bangor, Maine, on Friday instructed Peter Navarro, his
hawkish trade advisor, to look into punitive tariffs on European Union cars and
on unspecified Chinese products.
Trump further explained to the lobster industry
representatives that the European Union has to drop its tariffs “immediately.”
The US leader said, “If they don’t change, we’re going to
put a tariff on their cars and they’ll change right away.”
He called Brussels “almost as bad over the years as China in
terms of trade,” insisting that the tariff would be “equivalent-plus.”
The President asked Navarro to also look at China and find
“something they sell that’s very precious to them” which could then be
counter-tariffed.
“Pick a product, a corresponding-plus if they don’t drop the
tariff for Maine lobster going into China.
“It’s very simple. All you do is say, that’s OK, keep
charging us: we’re going to charge you a corresponding,” he threatened.
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