Tags: trump | macron | eu | trade | china

Trump to Macron: EU Worse Than China on Trade

Trump to Macron: EU Worse Than China on Trade
(Getty Images)

By    |   Monday, 11 June 2018 08:49 AM

President Donald Trump told French President Emmanuel Macron that the European Union is worse than China on trade during a meeting at the White House in April, Axios reported on Monday.

Trump made the remark after Macron urged the president, "Let's work together, we both have a China problem," according to a source in the room.

Trump also complained about German tariffs on U.S. automobiles and the ease with which German carmakers can sell into the American market.

The details of the conversation come amid fears of a looming trade war over Trump's threats to impose steep tariffs on steel and aluminum imports from the European Union, Canada and Mexico, which boiled over during the G7 summit in Canada on Saturday, according to CNN.

The rhetoric has only worsened in the days since, with White House officials insulting G7 leaders and Trump himself doubling down on his threats.

International officials have in response been highly critical of Trump, as have many in Congress, including Republican Sen. John McCain, who slammed the president in a tweet.

MarketWatch has pointed out that Trump has significantly overstated the U.S. trade deficit with the EU.

And the web site of the Office of the U.S. Trade Representative even refutes the main thrust of Trump's argument, stating that "two-way U.S.-EU trade has been roughly balanced over time and the very high levels of foreign investment accounted for by each in the other's markets means that the transatlantic economy is arguably the most integrated on Earth."

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President Donald Trump told French President Emmanuel Macron that the European Union is worse than China on trade during a meeting at the White House in April.
trump, macron, eu, trade, china
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2018-49-11
Monday, 11 June 2018 08:49 AM
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