Trump Trade Threat Is Uniting Rest of World, Top EU Official Says

by Dramelin 9:00 PM 0 comments

Jyrki Katainen Photographer: Jasper Juinen/BloombergTo read about Donald Trump?s fear of trade gaps, click here.
U.
S.
President Donald Trump?s protectionist stance may propel Asian, Middle Eastern and Latin American economic powers into market-opening alliances with the European Union, a top EU official said.
Katainen stressed the prospect of improved EU ties with China, which has clashed with Europe over trade issues including Chinese shipments of steel and export restrictions on raw materials.
?This is music to our ears.
?The comments signal that Trump?s ?America First? approach that seeks to reduce the U.
S.
?s $502 billion trade deficit may be as much an opportunity as a threat to the EU.
?The EU will do everything in order to materialize and capitalize on this political moment.