No one likes trade wars but U.S. President Donald Trump is starting to win some grudging support among European and global business elites as he moves to put China's trade practices in the spotlight.
As the trade confrontation between the U.S. and China threatens to escalate, Europe may be caught in the middle of the tug-of-war.
"Trump at least has one good point, which is that there are countries out there - including my own country, Germany - that have huge surpluses on trade, and this is not a normal part of open trade."
EU Commission Vice-President Valdis Dombrovskis believes that trade disputes should always be handled at a multilateral level and not bilaterally.
"If there are trade disputes, and there will always be trade disputes, solve them within the WTO.".
The latest threat to global trade has already pushed U.S. stocks down and raised Treasury yields, bookending a week that saw equities tumble.
"We've already seen how this rise of trade tension has led to a significant market correction."
https://www.bloomberg.com/news/articles/2018-04-06/trump-trade-talk-earns-grudging-support-at-elite-lake-como-event
As the trade confrontation between the U.S. and China threatens to escalate, Europe may be caught in the middle of the tug-of-war.
"Trump at least has one good point, which is that there are countries out there - including my own country, Germany - that have huge surpluses on trade, and this is not a normal part of open trade."
EU Commission Vice-President Valdis Dombrovskis believes that trade disputes should always be handled at a multilateral level and not bilaterally.
"If there are trade disputes, and there will always be trade disputes, solve them within the WTO.".
The latest threat to global trade has already pushed U.S. stocks down and raised Treasury yields, bookending a week that saw equities tumble.
"We've already seen how this rise of trade tension has led to a significant market correction."
https://www.bloomberg.com/news/articles/2018-04-06/trump-trade-talk-earns-grudging-support-at-elite-lake-como-event
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