International trade Brussels prepared for trade war with US if it restricts EU imports Donald Trump says the EU has been ‘very unfair’ on US exporters Trump said the EU has been very unfair to the US and that this will turn out very much to the European bloc’s detriment. Photograph: Matt Cardy/PABrussels has warned that it stands ready to retaliate and potentially open up a transatlantic trade war if the US delivers on apparent threats to restrict European imports. We here in the European Union believe that trade can and should be win-win. But the European Union has been very, very unfair to the United States. Last summer, the EU commissioner for trade, Cecilia Malmström, warned that, should such a “trade war” between the US and the EU be waged, it would be “extremely unfortunate” for the whole world.

Source: The Guardian January 29, 2018 13:30 UTC