The slogan 'Make love not war' has become a prominent anti-war phrase. EU officials have modified it to sound: “Make trade not war”, appealing to Donald Trump’s protectionist measures.
The US president has declared a trade war against the whole world. The European Union and China are dismayed.
“When the president complains of too many tariffs between the EU and the US I can understand him. We are not happy either,” European Council President Donald Tusk told a news conference in Helsinki. “That is the reason why a few years ago we started trade negotiations with the US. We should go back to these talks now. Make trade not war, Mr President,” Tusk said.
Steel and aluminum producers have become first victims of the trade war. Trump’s stiff metal import tariffs will come into effect this week.
The EU and Japan sought exemptions from the tariff increase. But they appeared to win no concessions.
According to Trump, the dumping of steel and aluminum in the US market is “an assault on our country”. So the best outcome for companies would be to move their production to the United States.
