Trade war begins

[BlasterBates]

....the EU in close second place. It's way past time the US put a stop to this.

Interesting.

says who? Trump presumably

Can you justify this ?

The EU isn’t protectionist – it’s one of the most open economies in the world

[TwoWolves]

Interesting.

says who? Trump presumably

What do you think the Customs Union is?

This isn't specifically what the US administration is focussing on, however. It's the abuse of NAFTA, both China and the EU ship components to Mexico and Canada for assembly and then sell the finished goods in the US under the NAFTA agreement. This circumvents trade agreements in place for direct trade. That's the current beef.

[WTFH]

What do you think the Customs Union is?

It's something that currently allows minor countries with poor negotiating skills the ability to conduct around 50% of their export trade with the rest of the EU and not incurring any duty.

[BlasterBates]

What do you think the Customs Union is?

This isn't specifically what the US administration is focussing on, however. It's the abuse of NAFTA, both China and the EU ship components to Mexico and Canada for assembly and then sell the finished goods in the US under the NAFTA agreement. This circumvents trade agreements in place for direct trade. That's the current beef.

So you are saying Canada and Mexico are "protectionist", you forgot to blame Japan, Australia and India as well

There are rules that ensure that anything exported from Mexico and Canada to the US have sufficient amount of local content.
The US companies do more of this than EU companies, and you can apply the same argument to US companies shipping foreign components to their factories in the EU or Canada.

No-one is circumventing any rules apart from the US applying unilateral tariffs.

[sasguru]

This isn't specifically what the US administration is focussing on, however. It's the abuse of NAFTA, both China and the EU ship components to Mexico and Canada for assembly and then sell the finished goods in the US under the NAFTA agreement. This circumvents trade agreements in place for direct trade. That's the current beef.

And how does increased tariffs on steel and alumunium imports into the US help that? Doh!
It's not going to help US manufacturers, is it?
https://eu.tennessean.com/story/news...eel/391059002/
I find it interesting that the biggest critics of this are congressional Republicans.

[BlasterBates]

I find it interesting how a lot of people in the UK support the US in blocking their exports and forcing UK job losses.

[sasguru]

I find it interesting how a lot of people in the UK support the US in blocking their exports and forcing UK job losses.

Ideological stupidity.

[NigelJK]

Where does it say they are blocking exports?

[Old Greg]

Where does it say they are blocking exports?

You need to apply some basic economic analysis to understand this one. Give us a shout if we can help.

[BlasterBates]

Where does it say they are blocking exports?

There is plenty of footage on the news channels.