Trump Again Threatens Europe with Tariffs: Expect Instant Global Recession

by Mike ‘Mish’ Shedlock
Mish Talk

Trump is hopping mad the EU for at least seven reasons. Mad enough to foolishly smack them with tariffs? I Believe so.

MarketWatch reports Trump Threatens Europe With Tariffs and Vows Veto as Senate Rejects Border Emergency.

As the U.S. and the EU struggle to iron out their differences on trade, Trump said, “they are willing to talk to us and if they don’t talk to us, we’re going to do something that’s going to be pretty severe economically. We’re going to tariff a lot of their products.” The president was almost certainly referring to imports of cars from the EU, a threat he has made in the past.

Trump made his comments to reporters as he met with Irish Prime Minister Leo Varadkar in the Oval Office. Trump also said on Twitter he anticipated a “large scale” trade deal with the United Kingdom, which is facing a delayed exit from the European Union.

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