The European Commission today said it was ready to retaliate against potential trade crackdowns imposed by U.S. President Donald Trump.
“For us trade policy is not a zero-sum game, it is not about winners and losers,” said Commission chief spokesperson Margaritis Schinas. “The EU stands ready to react swiftly and appropriately in case our exports are affected by any restrictive trade measures by the United States,” he added.
President Trump threatened Sunday in an interview with Britain’s ITV to confront the EU over its “very unfair” trade policy toward the United States. “I’ve had a lot of problems with European Union, and it may morph into something very big from that standpoint, from a trade standpoint,” Trump told host Piers Morgan. “We cannot get our product in. It’s very, very tough. And yet they send their product to us — no taxes, very little taxes. It’s very unfair.”
He added: “The European Union has been very, very unfair to the United States. And I think it will turn out to be very much to their detriment.”
The European Commission retaliated against U.S. steel tariffs in 2002 by targeting American exports such as orange juice from Florida.