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Published 21 Feb, 2018 06:25am

EU vows to strike back at Trump trade threat

BRUSSELS: The EU warned on Tuesday it would take “appropriate measures” to defend its interests if the US imposes tough trade sanctions as President Donald Trump delivers on his protectionist policies.

The US Commerce Department on Friday recommended imposing heavy tariffs on China, Russia and European exporters to counter a global glut in steel and aluminium, laying out an array of possible options in a report to Trump.

The move hands Trump his first opportunity to deliver on the “America First” trade promise, but has stoked fears of retaliation and a global trade war.

European Commission spokesman Margaritis Schinas said Brussels would be “deeply concerned” by any sanctions hitting EU businesses.

“We would be taking appropriate measures to defend EU industry, and we stand ready to react swiftly and appropriately in case our exports are affected by any restrictive trade measures from the United States,” Schinas told a daily briefing.

But Schinas insisted that international trade would always remain “win-win” if partners played by the rules.

“We are not in a trade war,” he said.

Trump has until mid-April to decide whether he will move forward, with expectations high that any US action is likely to be challenged by exporting nations in the WTO.

Published in Dawn, February 21st, 2018

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