Farage blasts eu response to donald trump's trade war threats
Farage blasts eu response to donald trump's trade war threats"
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The US President the US announced he would impose a 25 percent tariff on all steel imports and 10 percent on aluminium, which has raised concerns over a trade war and affected global
financial markets. His decision met with fury from both Brussels and Beijing, with Chinese President Xi Jinping retaliating with additional tariffs of 25 percent on 106 US goods including
soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods, the finance ministry said on Wednesday. EU Commissioner Jean-Claude Juncker played down
fears of a trade war with President Trump, saying: "We as the Commission have made it clear that we do not want a trade war. “Trade wars don't benefit anyone, but we are able and
ready to take adequate counter-measures. We will see if this will be necessary.” Analysts suggested a full-blown trade war would cut global economic growth to two-and-a-half percent 2019
from three percent.
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