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EU hits out at trade 'bullies' as Trump row deepens

AFP  |  Brussels 

The EU's top trade official today said would stand up to intimidation by protectionists, as a row with US over and tariffs heated up. "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," said at a conference in "Recently we have seen how it is used as a weapon to threaten and intimidate us.

But we are not afraid, we will stand up to the bullies," Malmstroem said. Trump has singled out in the billowing trade row, threatening to tax German cars if the doesn't lower barriers to US products. The tycoon's threat is part of a dispute over an announcement of tariffs on and imports, although the has said it will consider exceptions and has already spared and The announcement of duties of 25 per cent on imported and 10 per cent on has stung the EU and other major partners, coming as a surprise to allied countries and to many in Malmstroem fired back at Trump after holding fruitless talks in on Saturday with US Trade aimed at defusing the row and avoiding an all-out trade war. Those efforts are expected to continue this week, though no details for further negotiations have yet been announced.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 17:45 IST
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