Trust between the U.S. and the European Union is at an"all-time low," a European lawmaker said Wednesday after both sides failed to find common ground on trade.
"The EU is very clear that we want to have rules-based trade, we want to strengthen the multilateral system and we think it is to our mutual benefit to have the U.S. as a partner here," she added."But President Trump clearly has other ideas. He believes in a more protectionist, nationalist agenda and it's hard to deal with because we don't really know what we can discuss there.
Such tensions between the world's two largest economies led to a tit-for-tat tariff fight for much of 2018 until Trump and President Xi Jinping agreed in December last year to stop imposing additional tariffs on each other's products as theynegotiate a trade deal.
It happens when you ask people to step up and pay their share- EU is taking offense their free ride is over
Memo to CNBC, the EU has long been protectionist.
But everybody respects us and no longer takes advantage of us, correct? You know, that NATO thing, South Korea war games etc.
What does the EU know? The still buy natural gas from Russia.
Time to blow up the Multilateralism and WTO. It only benefits two of the most notorious trade rules manipulators and the ultimate mercantilists - China and Germany while Japan and Korea not far behind. America must engage in bilateral trade format ONLY.
WW2 was a long time ago. Let the EU protect their own backyard & spend 20% of GDP on defense.
Mass protest is at a all time high in the EU
Lions don't concern themselves with the opinions of sheep....comes to mind.😉
maybe the USA has shown it doesn't trust the EU
The EU is a sewer. Let them pay their own way. New times, new allies
I'm not I believe him when he says that.
Who is dumb enough to trust Trump, and his team?