Trump threatens tariffs on $4B of EU imports


THANK YOU VERY MUCH.>>>PRESIDENT IS THREATENING 4 APPROXIMATELY DOLLARS OF TARIFFS NOT ON CHINA, MEXICO OR SOME OBVIOUS NAMES IN THE PAST. HOW ABOUT THE EUROPEAN UNION? TO REAL CLEAR MARKETS EDITOR JOHN TAMNY, MARKETS WATCHER MARK LUSCHINI WHAT THEY MAKE OF THIS. WHAT DO YOU THINK?>>NEIL, OBVIOUSLY IT IS A DANGEROUS. WE’VE BEEN HERE BEFORE WITH EUROPE RELATES TO AUTOMOBILE MANUFACTURERS. WE’RE TALKING ABOUT SUBSIDIES SUPPOSEDLY BEING APPLIED TO AIRBUS, COMPETITIVE THREAT TO BOEING. OF COURSE AMONG OTHER THINGS. BUT THE FACT OF THE MATTER IS, THIS IS HELPING KEEP THE MARKETS ON ITS HEELS. WE GO THROUGH THE WAVES OF TRADE RISK ON, TRADE RISK OFF. NOW WE’RE HAPPENING TO MIGRATE FROM CHINA TO EUROPE, AT LEAST FOR THE DAY, WHICH IS TO SAY, WE HAVE A TRADING BLOCK THERE THE SIZE AS BIG AS THE UNITED STATES, WHICH COULD ESCALATE, CREATE TENSION THAT CHINA CURRENTLY HAS BEEN CREATING GOING FORWARD. PROBABLY UNLIKELY TIME WHEN GLOBAL ECONOMIC GROWTH CONTINUES TO DETERIORATE. NEIL: YOU KNOW, JOHN, I HAVE TO LOOK AT THIS AND WONDER, WE’RE KIND OF SPREAD OUT AND FAR-FLUNG WITH THE THREATS WE HAVE, MAYBE FOR PERFECTLY VALID REASONS. THIS WOULD NOT BE THE FIRST TIME A U.S. PRESIDENT COMPLAINED ABOUT THE WAY EUROPE SHIELDS ITSELF FROM AMERICAN COMPETITORS. HE IS RESPONDING A LITTLE BIT DIFFERENTLY. I’M WONDERING WHERE THIS IS GOING, WHAT DO YOU THINK?>>HOPEFULLY NOT TOO FAR. IT IS VERY DANGEROUS. LET’S REMEMBER THE U.S. HAS THE MOST VALUABLE COMPANIES IN THE WORLD HEADQUARTERED HERE. THAT THEY ARE MOST VALUABLE, THEY GET ENORMOUS AMOUNTS OF SALES FROM AROUND THE WORLD INCLUDING THE EU ANY ATTEMPTS TO LIMIT EUROPEAN COMPANIES ABILITY TO SELL IN THE UNITED STATES IS A WAY OFFING THE U.S. COMPANIES TO SELL INTO WHAT IS A VERY LARGE MARKET. WHO CARES WHAT THE REST OF THE WORLD DOES? HONG KONG IS RICH BECAUSE ITS MARKET ARE OPEN. SO IS SINGAPORE. THE U.S. IS RICH BECAUSE ITS MARKETS ARE OPEN. DOESN’T MATTER WHAT OTHER COUNTRIES DO, AS LONG AS WE’RE OPEN, WE’LL BE THE PROSPEROUS COUNTRY. NEIL: YOU HAVE TO WONDER, MA, WHETHER WE, LIKE “WHACK-A-MOLE” WITH SOME OF THESE TRADE DEALS OR DEALS WE’RE WORKING ON. LET’S SAY WE SCORE ONE WITH CHINA. THEN WE HAVE SOMETHING POTENTIALLY JUST AS WORRISOME, MAYBE NOT ON A DOLLAR SENSE BUT THORNYIER WITH EUROPE, WITH WHOM WE HAVE MUCH BETTER RELATIONS IN GENERAL. WHAT DO YOU THINK?>>AGREE. WHAT WE KNOW WE HAVE MERCANTILIST PRESIDENT MAKES JUDGMENTS ABOUT OTHER COUNTRIES OR ECONOMIC BLOCS WITH REGARD TO TRADE IMBALANCES WITH THOSE COUNTRIES. THIS SHOULD COME AS ONE HAND NO SURPRISE. ON THE OTHER HAND AS PREVIOUSLY STATED IT IS WORRISOME. PARTICULARLY AT TIME WEE A FAIRLY CLOSED ECONOMY WITH REGARD TO OUR NEED TO DRIVE ECONOMIC ACTIVITY FROM EXPORTS. IT IS ONLY 12% OF OUR GDP. NONETHELESS WHEN WE’RE OPERATING AT 2% GROWTH RATE AND REST OF THE WORLD AS I MENTIONED EARLIER CONTINUES TO SEE DECELERATING ECONOMIC ACTIVITY, COMPOUNDING REDUCING BUSINESS SENTIMENT WILL BE HELPFUL TO REFLATE ECONOMIC GROWTH AND WILL NOT BE GOOD FOR OUR STOCK MARKET. NEIL: I DO NOTICE MORE PEOPLE THAN JUST YOU SMART GUYS ARE GETTING A LITTLE WORRIED ABOUT IT. THE FED’S BARKIN WAS TALKING ABOUT THE CHILLING EFFECT OF TRADE TARIFFS AND THE REST, PUTTING OUT A STATEMENT THAT THE ECONOMY COULD BE BLIND-SIDED IN TERMS OF WEAKER EARNINGS REPORTS AS A RESULT OF THIS BLACK AND FORTH. WHEN YOU HEAR THAT KIND OF STUFF, JOHN, DO YOU CONCUR?>>OF COURSE I DO. LET’S NEVER FORGET OUR OPENNESS TO FOREIGN GOODS IS WHY WE’RE PRODUCTIVE NATION. WE ALLOW OTHERS TO DO AT AND WE ELEVATE OUR MOST UNIQUE SKILLS. LET’S REMEMBER COUNTRIES DO NOT TRADE, INDIVIDUALS DO. MARKETS AND ECONOMIES DO NOT LIKE CENTRAL PLANNING BUT THAT IS EXACTLY WHAT IS COMING FROM THE REPUBLICAN PARTY INCREASINGLY. THE PARTY THAT WAS ONCE EMBRACING OF FREE MARKETS, INCREASINGLY WANTS GOVERNMENTS TO SET THE TERMS OF TRADE. THAT IS WHAT POOR COUNTRIES DO. IF WE CONTINUE DOWN THIS PATH WE’LL BE NATURALLY A POORER NATION AS A RESULT.

100 Replies to “Trump threatens tariffs on $4B of EU imports

  1. To hell with the stock exchange and globar money pigs who are willing to throw us under the bus as long as they profit personally.

  2. Funny how nobody in the fake news freaks out when other countries hit the US with tariffs. Cavuto is a lefty in disguise. The people are with Trump.

  3. Once again so called"specialized people" say the POTUS is doing the wrong thing and with in days they are eating there words! SO FAR POTUS 1OO% ACCURATE SPECIALISTS- ZERO ZILILCH NADA NING

  4. The EU has been trying to get us into a war with other countries, so let's hit them with heavy tariffs. Plus they owe us for using our men and women, plus equipment to fight their problems. Well, it's time for you to PAY THE HELL UP!!!

  5. Our president is a genius..this tariff is high enough to get the message across without hurting our economy…he knows what hes doing and thats a fact look at how good our economy is since he took office

  6. The conflict dates back to 2004, when EU authorities said Boeing received $19 billion in unfair subsidies from federal and state governments between 1989 and 2006. The US government filed a similar claim that year over European subsidies to Airbus.  The World Trade Organization has handed down favorable rulings to both sides since then, underscoring the complexity of the dispute.  The taxes proposed by the Trump administration were criticized by the Distilled Spirits Council of the United States, which objected to the inclusion of Scotch and Irish whiskey.  “These tariffs, if imposed, will have numerous unintended negative consequences on US jobs, US consumers and on US companies that export to the European Union,” it said in a statement.  “US companies — from farmers, to suppliers to retailers — are already being negatively impacted by the imposition of retaliatory tariffs by key trading partners on certain US distilled spirits resulting from other trade disputes, and these additional tariffs will only inflict further harm,” it added.  The threat is the latest in a series of trade clashes between the United States and the European Union. The Trump administration has already imposed tariffs on European steel and aluminum, to which EU authorities responded with tariffs on US goods worth more than $3 billion.  Trump has also threatened to slap tariffs of up to 25% on cars coming into the United States, a move that could hit European automotive powerhouses like Germany and France. The trading relationship between the two sides is worth more than $1 trillion annually, but Europe exports significantly more goods to the United States than the other way around.  Once again history repeating itself.

  7. The nation is being screwed by the EU. and it cant get any worst than what the previous administrations had done harming the working class.

  8. Trmp is a GENIUS ! Tarrifs work when you have the upper hand and the leverage . For the FIRST TIME in American history, America is oil independent . Europe is not and is vulnerable . Doesnt the EU pressure the Brexiteers ? Well its business. They dont want to lose the UK's contribution of billions annually to the EU . So America pressures the EU . England breaks free on Oct 31st 2019 to a great new deal with USA . England becomes a Nation State again ruled by the people . Another WIN for Trump another WIN for America .

  9. OMG the experts coming from under their tyles …. the know with their nwo knowledge so …. uh … uh…

  10. America stop bullying other nations, you lost every nations respect. America becoming the most hated on the globe. Enough flexing muscles soon Americans will regret it

  11. Dumbass Trumpanzees praise the tarrifs paid by US citizen, but unlike China tariffs trumpanzees don' buy anything EU made

  12. US is begging for money. US don't have any piggy bank. Good liars are basic qualities of US president. Now you know, action speaks louder. Hmm…

  13. America can make their own products and selk them to America dont need Foreign these swamp reporter's

  14. Janney Chief Investment Strategist Mark Luschini on President Trump threatening tariffs against the E.U. I wondered how much E.U. paid this guy?

  15. America's competitive advantage lies in printing dollar bills. When we have the world's most valued currency and other countries devaluing their currency, slapping high tariffs on everything etc. This leads to the only thing we export are crates full of cash and digital dollars. Maybe some hi-tech (which gets stolen by China and others) and some hollywood movies (again most of which are pirated). The problem is you hollow out the middle class and none of them have money to buy all these trinkets. Also nearly everything made in China falls apart the next day so you can't buy quality items anymore (all put out of business by cheap imports).

  16. Stop giving Americas money to foreign nations . Put America first. It is not in our constitution to build other nations nor to be thier welfare.

  17. Hahaha. Do it USA ! You will lose, like you have never lost before.
    Europe has been slapping the world around since before your country even existed.
    Your countrymen consists of people who couldn't make it in Europe, so fled.
    The only reason USA exists at all is because Europe allow it.
    And now the little boy who has just learned to walk wants to take on Daddy cos he thinks he is a big boy now.
    Good luck with that !
    From Sparta, The Ancient Greeks, The Roman Empire, The Portuguese Empire, The Spanish Empire, The French Empire, The Dutch Empire, The British Empire, The Vikings, The Third Reich, The Austro-Hungarian Empire, The Celts, The Normans, The Mecedonian Empire, The Holy Roman Empire, The Prussian Empire (OK, I'm getting a bit bored now). etc etc.

  18. Nations that are fighting the EU should not be subject to as many tariffs as the EU….The EU is a corrupt absolutely and Soros is involved too much with the EU… We should heavily tariff any nation involved with Soros and his Open Border Agenda….

  19. Stand alone ,wait untill the next attack see Russia and Saudi Arabia help you out .your an island now

  20. Fair is fair. I been saying this 30 years. Every country has tariffs on us but get angry if we tariff them

  21. Think it’s a good idea! America has been the whipping pole far too long! Time everyone pays their fair share!

  22. To be honest a couple of friends from Spain came over here and we were actually talking about this.. they said is imposible to buy an American product there due to the high prices. Thanks to the tarrifs govs in Europe put on our products.. so yeah Trump is right

  23. That is why the politician hate Trump all of those lobbyists want there money back so they scramble to get him out give us what you promise or we break your legs

  24. These guys are clueless!!! Free markets are EXACTLY WHAT TRUMP WANTS!!! BUT WHEN THEY CHARGE US TO TRADE WITH THEM IT’S NOT FREE ANYMORE!!! TRUMP IS THE MAN THAT WONT BE TAKEN ADVANTAGE OF ANY LONGER!!

  25. President Trump is doing things that former POTUS' didn't have the balls to do. Go President Trump……

  26. America dominates the world energy market AND the arms market. We grow far more than the food WE need. Enough EMPs to "switch off" ANY/EVERY country daring to attack our assets. It's really that simple.

  27. I can understand the administration Mr trump acting against the EU after all they are hand in hand with the Democrats they did help the Democrats make up the face fake dossiers against Mr Trump and at the same time have been hand-in-hand with the Clintons you can't trust any you that does not believe in the freedom of speech Liberty and democracy when they are moving towards a communist state like the Democrats in America

  28. this hippy is a moron, "we'll make more if we have open markets" wrong we'll be the only country getting hit with tariffs and losing jobs and money, like in the 2000's

  29. Back in Thomas Jefferson days, The US Government was funded by tariff income alone .. There was NO income tax or Property Tax on US citizens…. President Trump has a picture of Jefferson hanging in his office….
    Can you even imagine how rich Americans would be if we went back to that type of Gov funding. ?

  30. Its economically unwise for every American consumer. Closing down tariff free trading will end in closing relations with the rest of the World.

  31. Doesn't this president know that he has to be innovative and ingenious to grow the economy??? All he does is tax the American people through stealth taxation…. What a con artist… He is pulling the wool over his dumb sycophantic supporters…

  32. I think all economic professional like Wolf and Jeffrey Sach should resigned. Let Professor Mr Trump talk new economic-nothing but tariffs. Don't listen and follow, rise tariff. What economic degree. My new degree-bully them. China and EUROPE ARE THUGS. GOD BLESS USA.

  33. People commenting here don't really have a grasp on tariffs. Every US tariff cost is paid by the US consumer. It is an added US tax, for the US population, nothing more. Why are people cheering their own financial downward spiral? Jeeze "Only in America". This is like watching the pied piper lead everyone to their watery grave.

  34. EU thinks there protected species and these left wing Americans back the dirty scumbags up

  35. Its TRUMPS JOB to get the best or at least a BETTER DEAL for the US. EU is massively shielded against non-EU suppliers. EU economy is small compared to the US – HASSLE them to get a better deal because their tariffs on us have been here for years – right the balance.

  36. What is wrong with some of these business individuals. Have you not forgotten during Obama's term what happened to the U.S. debt ratio. He accumulated the highest U.S. debt in U.S. history. Over 10 trillion dollars, which was equal to all U.S. Past Presidents put together. It only took him 8 years where it took over 240 years for all 43 U.S. Presidents to accumulate. That is absolutely madness. It's time you stood up and had some backbone, and helped this President to achieve a greater autonomy in American Business Practices to succeed. Instead of badmouthing a President who is trying to help business individuals like yourself to succeed.

    Why is the press not doing a story on this, and asking where did the 10 trillion dollars really go ? It shows Americans today just how lacksy daisy they are at doing their jobs. If this were President Trump they would put most of their reporters or investigators on this very topic !! Which actually shows you that they have no regard for Americans. It's all about fattening their paychecks with the global economy which is very unevenly balanced, because certain nations want Americans to believe they are doing nothing wrong. When nations devalue their currency it is no different than any business trying to undercut and eliminate their competitor. Which means bye bye America if you allow this to type of business to continue. Like a real dad or mom who would stand up and fight for their family's business to survive. This U.S. President is standing up and fighting these countries that do this deceitful type of business practice, in order to gain and eliminate ALL U.S. business's. Thank God there is someone in the Whitehouse now, who understands how to build and fight for the American citizens right to prosperity, for ALL American business sovereignty. It's called survival of the fittest. Something you obviously do not understand.

    Are you also forgetting he had a great success at issuing tariffs against Mexico !!

  37. The US helped establish the EU via our own globalist d!ckbags… NO LONGER! Nationalism is good for everyone except the people in charge of these power hungry establishments and that's a good thing! Treat them like the enemy!!!

  38. Some eu countries are not following the sanctions against Iran and are working against the president because America pulled out of the nuclear deal. Stick it to the eu they are nothing but evil globlists bent on destroying cultures.

  39. wow, does everybody under fox news really think its a good idea or pretend like it is good for US? U guys are really pathetic living in your fantasy.

  40. Globalists are still in denial. I can't believe what I am hearing from these clowns. It's okay to have a "uneven playing field". We should open our markets to the world but their's are not opened to us.

  41. None of the tariffs seem to have backfired so far; so go ahead and do it! Its not dangerous, there's no evidence of that, everything is moving along, they will bend the knee or pay up.

  42. Permission granted POTUS! They spied on us thanks to Traitor 44 and Deep State. Hit them where it hurts.

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