Trump started again!

in #news8 years ago

According to Peter Navarro, director of the US National Trade Council, "no exception" will be made to any of the countries from the new trade rules. Washington does not want to lose the steel industry and introduces protectionist measures. In the European Union and China, the American leader is promised the same answer.
Will such a policy lead to tariff wars and the new Great Depression.

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Solve problems at the expense of Europe
The biggest damage to Trump's actions is done by US partners in NATO - the countries of the European Union and Canada, whose exporters predominate in the US aluminum and steel market. Procurement abroad allows large businesses to reduce the cost of production of products containing metal: from cans to pipelines. But because of this, its own American steel industry suffers, which is in a permanent crisis.

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Since his election to the highest office, Trump has sought to rectify the imbalance - either through pressure on China or through NATO allies. Introducing duties on steel and aluminum, the US president chose the second option.
The reaction of the European Union followed immediately. "It's incomprehensible, thousands of jobs are under threat."

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