Trump Calls For EU To Drop All Trade Barriers Ahead Of Juncker Visit, by Tyler Durden

Is President Trump a closet free-trader? From Tyler Durden at zerohedge.com:

With Jean-Claude Juncker probably in the air right now, flying to his White House meeting on Wednesday, President Trump threw a wrench in the prepared script when on Tuesday evening he appealed for a return to (truly) free trade and urged Europe to “drop all Tariffs, Barriers and Subsidies” shortly after his administration imposed tariffs on EU imports, and Europe retaliated.

“That would finally be called Free Market and Fair Trade! Hope they do it, we are ready – but they won’t!” Trump tweeted.

In reference to what promises to be a contentious meeting with Washington’s “foe” – as Trump called the EU in a recent interview, Trump greeted Tuesday morning with a key theme of his presidency:

“Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs… Remember, we are the “piggy bank” that’s being robbed…” and also “Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate.”

Juncker told reporters last week he is “upbeat and relaxed”; however, one doesn’t need a crystal ball to know that things are likely not going to go well at the meeting, as Bloomberg reports that the European Commission President “won’t be coming to the White House with a ‘great deal’ on trade to counter Donald Trump’s recent criticism of the European Union and his claims it runs a $150b surplus with the U.S.,” according to an unnamed European official.

The last time the two met face to face, at the recent G7 summit in Quebec, the EU’s most senior official told fellow European leaders that Trump had called him a “brutal killer” — though possibly in the spirit of jesting, over what Trump identified as unfair EU trade policies and fines on American tech companies.

Last week Cecilia Malmstrom, the European Union trade commissioner who is accompanying Juncker on his trip, indicated he would attempt to persuade Trump against his threat of raising tariffs on European car imports, possibly wrecking a $1 trillion trade relationship which the EU says will be disastrous for both sides of the Atlantic, with 15 million jobs on the line.

To continue reading: Trump Calls For EU To Drop All Trade Barriers Ahead Of Juncker Visit

 

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