Europe negotiated the book, but Trump tears it up

The European Union has pursued proven rules for global trade when it tries to negotiate with the Trump government to avert painful tariffs on cars, pharmaceuticals and almost anything else.

The problem? President Trump tears this rule book.

On Friday morning, Mr. Trump in a social post in truth announced that he recommended a 50 percent tariff for European imports on the 1st June and claims that the trade obstacles, taxes, corporate penalties and other blocks of the block had contributed to a trade weight with the United States, which was “completely unacceptable”.

“The European Union, which was founded as the main purpose of taking advantage of the United States for trade, was very difficult to cope with,” wrote Trump, adding, “Our discussions with them are going nowhere!”

The surprise announcement takes place after months of talking back and forth between the two enormous economies, which, as Mr. Trump suggested, made limited progress.

European officials have tackled negotiations as if they were thinking with an ally. However, you have met with a Trump government that sees this less as an opportunity for two geopolitical friends to look for a solution that is advantageous for both sides – and rather as an opportunity to put pressure on a commercial rival, to make concessions.

Mr. Trump imposed a round after taking office in January after taking office in January after taking office in January. He has hit sectors such as Steel and aluminum and cars with specific tariffs and at the same time threatens to bring most of the American trading partners over the entire board tax. But in April he announced that he would pause this latter category for a period of 90 days when the federal states negotiated business.