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Monday, 22 July 01:57 (GMT -05:00)



Business And Politics News

When it comes to trade, EU is worse than China, Trump says


Not so long ago, President Trump said that the European Union is worse than China, when it comes to trade relations. This is reported by Axios with reference t anonymous sources. They say this comparison was made during President Trump’s conversation with French President Emmanuel Marcon back in April 2018. Back then, the 2 leaders were discussing the Chinese issue. Macron urged Trump to unite forces with Europe to resist China since China is a trade problem for everyone. 
In response to this urge, Trump compared Europe to China and then added that the US-French relations are fairly balanced while the ones between the United States and the European Union are rather unfair. This idea expressed during the recent G7 summit in Quebec, Canada. The rest of the G7 participants tried to talk President Trump into canceling the import duties on steel and aluminum but Trump refused to even discuss this possibility. Moreover, he hinted at his intensions to raise the import duties on German automobiles.

Moreover, as you probably know, the American president left the summit prematurely to get ready for the historical meeting with Kim Jong Yung, the leader of North Korea. Shortly after that, the remaining G7 summit participants started criticizing Trump. In response, Trump distantly called back his signature under the final communique of the G7 summit.

 

 

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