The EU Promises US with a Loss of $ 294 Billion

  • 3 July 2018

The European Union warned that US $ 294 billion of the United States exports could face countermeasures if the American President Donald Trump threatens to impose tariffs on car imports.
Trump considered Europeans as a no less trade-off problem than China, and threatened to face the European Union by imposing 20% on European car imports, which is to be considered a major source of criticism.
"The EU is probably causing the same amount of harm that China is doing to the United States in terms of trade with the difference that the EU is smaller," he said, adding that "the Europeans have achieved a trade surplus with the US $ 151 billion knowing that we are spending wealth on NATO in order to protect them. "
This comparison is a painful slap for Europeans who are trying to find common ground with Trump administration over the idea that China is the real threat to fair trade.
European Commission President Jean-Claude Juncker is expected to visit Washington by the end of July to try to resolve the trade dispute.