EU 'will stand up to trade bullies'

EU 'will stand up to trade bullies'
From BBC - March 12, 2018

The EU's trade commissioner has said the bloc "will stand up to the bullies" over protectionism as tensions continue over US tariffs on imported steel and aluminium imposed by President Trump.

Cecilia Malmstrm was speaking at a conference in Brussels, following discussions at the weekend with US Trade Representative Robert Lighthizer.

Those talks are to resume this week.

Ms Malmstrm said protectionism was being "used as a weapon to threaten and intimidate us".

The EU says that its exports should be excluded from the measures.

Mr Trump's announcement of import tariffs of 25% on steel and 10% on aluminium has sparked fears of a trade war.

He signed the measures on Thursday last week in a ceremony at the White House attended by steel and aluminium workers.

Retaliation threat

"In some places, trade has been to blame for the pains of globalisation or they used it as a scapegoat or they think we can live behind walls and borders," Ms Malmstrm said, without specifically mentioning the US.


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