Trump downbeat ahead of trade talks with EU
Reuters
Published Jul 24, 2018 08:57PM ET
Trump downbeat ahead of trade talks with EU
WASHINGTON (Reuters) - U.S. President Donald Trump took a pessimistic view of talks with European Commission President Jean-Claude Juncker set for Wednesday aimed at averting a trade war.
In a tweet on Tuesday night, Trump said both the United States and the European Union should drop all tariffs, barriers and subsidies.
"That would finally be called Free Market and Fair Trade!" Trump said. "Hope they do it, we are ready - but they won't!" he said.
Trump has accused the EU of unfair trade practices and has threatened to raise tariffs on cars imported from the bloc.
European Trade Commissioner Cecilia Malmstrom, who will accompany Juncker, said last week that the EU was preparing a list of U.S. products to hit if the United States imposed the tariffs.
Juncker will not arrive in Washington with a specific trade offer, the commission said on Monday.
"I do not wish to enter into a discussion about mandates, offers because there are no offers," Commission spokesman Margaritis Schinas told a news conference in Brussels.
White House economic adviser Larry Kudlow has said he expected Juncker to come with a "significant" trade offer.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.