At G-20, E.U. warns of trade war if Trump imposes restrictions on steel

[brooklynite]

Source: Washington Post

HAMBURG — Leaders of the European Union warned sharply on Friday that President Trump risks a trade war if he imposes restrictions on steel imports, a mark of deep divisions as a summit of leaders of major world economies got underway.

In one of the most consequential decisions of his young administration, Trump could within days impose new restrictions, a decision that could impact trade with more than a dozen major countries.

“We will respond with countermeasures if need be, hoping that this is not actually necessary,” European Commission President Jean-Claude Juncker told reporters ahead of meetings in Hamburg of the Group of 20 world economies.

“We are prepared to take up arms if need be,” Juncker said, warning that Europe would respond in days, not months, if Trump announces the restrictions.

Read more: https://www.washingtonpost.com/world/at-g-20-eu-warns-of-trade-war-if-trump-imposes-restrictions-on-steel/2017/07/07/0ffae390-62f4-11e7-a6c7-f769fa1d5691_story.html

[The_Casual_Observer]

1. I hope there is a trade war just to show

How fucked up trumps stupid ideas are when actually put into practice.

[tonyt53]

2. What Trump doesn't understand, or care about, is that American producers will raise their prices too

[Bayard]

3. "We are prepared to take up arms if need be,

What the hell does that mean?

Rump is probably coming home with a boat load of warnings from everybody there.....