MEP: avoid trade war

Press release
Marietje

The European Parliament today debates the tariffs on steel and aluminium president Trump announced last week. Member of the European Parliament Marietje Schaake (ALDE/D66) calls on Commissioner Malmström to prevent a trade war.  

Schaake: "Commissioner Malmstrom is doing everything within her powers to prevent a trade war with the United States. At the same time Europe, faced with a volatile Trump in the White House, has to be prepared for any scenario. If Trump pushes through his reckless measures, we cannot hesitate a second and must immediately take balancing measures."  

Negotiations

Trump announced last week that allies such as Canada, Mexico and Australia will likely be excluded from the measures. Europe now has ten days left to ensure a similar exemption.  

"The procedure through which an exception can be negotiated and with whom, remains shrouded in ambiguity however. Yet the clock keeps on ticking. This not only puts geopolitical relations under pressure, but has also plunged companies and consumers on both sides of the Atlantic into great insecurity," according to Schaake.  

She continues: "Every day that passes only adds to the chaos. This is painstakingly frustrating because the United States and Europe should be joining forces to counter Chinese dumping, rather than fighting each other. The way things are currently going China is set to get away with all the spoils."

You can follow the debate live here.