Trump Hints At Retaliation At 'Very Unfair' EU Trade Policies

By Kitco News / January 28, 2018 / www.kitco.com / Article Link

LONDON (Reuters) - U.S. President Donald Trump has threatened to confront the European Union over what he calls “very unfair” trade policy toward the United States.

Trump has demanded tougher enforcement of trade rules and last week signed into law 30 percent tariffs on imported solar panels, among the first unilateral trade restrictions made by the administration as part of a broader protectionist agenda.

“I’ve had a lot of problems with European Union, and it may morph into something very big from that standpoint, from a trade standpoint,” Trump said in an interview with the British broadcaster ITV to be broadcast later on Sunday.

”We cannot get our product in. It’s very, very tough. And yet they send their product to us - no taxes, very little taxes. It’s very unfair.

“They’re not the only one, by the way. I could name many countries and places that do. But the European Union has been very, very unfair to the United States. And I think it will turn out to be very much to their detriment.”

Reporting By Andrew MacAskill; Editing by Jon Boyle

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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