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The Politics of Trade Wars

This time, a confederation summarized more than 100 probable products this week—$3.5 billion value of them—that it competence aim for tariffs, including some informed ones: scotch whiskey, Harley Davidson motorcycles, oranges. And again, a choices are not random, generally given arriving midterm elections in a U.S. “Harley Davidson motorcycles and bourbon, that come from Wisconsin and Kentucky, are not coincidentally a home states of a Republican leaders in a House and a Senate,” Matthew Oxenford, a researcher on transatlantic mercantile family during a London-based Chatham House, told me. “That’s really consciously being finished with an eye towards conversion a sold domestic player. Florida oranges is another thing since Florida is always a tighten state in U.S. elections.

André Sapir, a comparison associate during a European mercantile consider tank Bruegel, pronounced that before a EU could follow by on such a threat, if it wanted to, a confederation would initial go to a WTO, where it would assign a U.S. with using afoul of tellurian trade rules. Sapir, a former mercantile confidant to a boss of a European Commission, told me it was a WTO’s statute opposite U.S. steel tariffs in 2003 that “gave a immature light to a EU and other parties to take countermeasures.” This time around, a EU is approaching to call into doubt a Trump administration’s assertion that a tariffs were imposed to strengthen a country’s inhabitant security—a “safeguard” movement that, yet deliberate current under certain conditions, is frequency invoked. “We can't see how a European Union, friends and allies in NATO, can be a hazard to general confidence in a U.S.,” Cecilia Malmström, a EU trade commissioner, said Wednesday, adding: “From what we understand, a proclivity of a U.S. is an mercantile guarantee magnitude in disguise, not a inhabitant confidence measure.”

Article source: https://www.theatlantic.com/international/archive/2018/03/trump-tariff-europe/555146/

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