Is Trump Right: Do Europe and China Really Benefit from the United States?

Relations between the United States and some of the larger economies such as Europe, China, Canada and Mexico continue to grow. The reason for this is the continued imposition of sanctions by Trump’s.

Eric Lonergan, M & G Fund Manager, said that the bigger picture should be looked at, not every single sanction.

“I do not like all these tariffs, I do not like the commercial wars, I do not like Trump’s performance,” Lonergan added.

Donald Trump’s threats against the EU could trigger Brussels. In their first written statement, the European Commission warned that the EU would respond to all imposed US tariffs on European production. The document also states that a possible trade war between the EU and the United States will lead to broken political relations, to trade, growth and jobs in the United States.

Trump threatens 20% tariff on all car imports from the EU

Also, Donald Trump warned European companies that they would receive additional sanctions if they violated US restrictions on conducting business practices with Tehran after Washington stepped out of the Iranian nuclear deal.

Relations between the US and China are becoming more and more tense. It is expected Friday that US tariffs for Chinese goods will come into force. That same Friday, Beijing plans to respond the same way: with tariffs on American goods. Donald Trump asked the US Treasury Department to impose import tariffs on Chinese goods at 10% and worth $ 200bn. New tariffs will come into force if China does not refuse to change bad practices and end its plans to levy US $ 5 billion in US dollars.

Source: CNBC

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance