Daily Management Review

Bloomberg: EU expects Trump to start trade conflict if he wins election


If former US President Donald Trump wins the US presidential election in November, he will impose punishing trade sanctions on the European Union (EU), according to Bloomberg, which cited sources.

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A senior official involved with the preparations told Bloomberg that European nations need to get ready since Donald Trump's approach is growing more assertive. It's been reported that Brussels is considering how to respond to any trade restrictions the White House decides to impose.

The sources close to the agency claim that if Mr. Trump is reelected, he is considering imposing new trade barriers with the EU, such as countermeasures against European tariffs on digital services as well as the introduction of a minimum tariff of ten percent.

The former US president's supporters give a variety of reasons for their intentions. Among them is their dissatisfaction with the EU, according to Bloomberg, for failing to take a more assertive stand against China in terms of tariffs and limitations on strategic investments made by Chinese businesses. 

A senior European official with knowledge of the matter claimed that the European Commission has started putting together an analysis of the consequences of the election in November, with an emphasis on a scenario in which Trump wins.

source: bloomberg.com