U.S. President Donald Trump is adopting a tough on the European Union, after the Union's unelected leaders threatened to impose punitive tariffs on leading American brands in retaliation for his attempts to protect the jobs of American steelworkers. “So now we will also impose import tariffs,” threatened Jean-Claude Juncker, the president of the unelected European Commission, at an event in Hamburg, Germany.
"This is basically a stupid process, the fact that we have to do this. But we have to do it. We will now impose tariffs on motorcycles, Harley-Davidson, on blue jeans, Levis, on bourbon. We can also do stupid. We also have to be this stupid," Juncker the Drunkard huffed.
The U.S. President is not a man who backs down in the face of such threats and took to Twitter to post an immediate response: "If the EU wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.," he wrote.
"They make it impossible for our cars (and more) to sell there. Big trade imbalance!"
While mainstream media's Europhile and globalist publications in Britain and Europe have painted President Trump as the villain, his proposed aluminium and steel tariffs may not be as unreasonable as we are being told, if an objective view is taken. It is true that the EU imposes tariffs of 10 per cent on American cars, while the U.S. imposes tariffs of just 2.5 per cent on EU-made cars — making American cars more expensive for British consumers and hurting American exporters.
The likely outcome of what European Commission Vice-President Jyrki Katainen is describing as a “trade war” spells bad news for the United Kingdom at least until 2019, as the EU controls the trade policy of its member-states, a sovereign power gleefully surrendered by the last Labour government, and Prime Minister Theresa May does not appear willing to challenge this until after a long ‘transition period’ following Brexit in 2019. The EU's attitude is typically hypocritical as there is no market in the democratic world that is more protectionist, the so called 'free market' is only an internal market, a mixture of tariffs and bureaucratic restrictions make it almost impossible for non EU nations to sell to EU customers on competitive terms.
While Jean-Claude Juncker’s countrymen in little Luxembourg are unlikely to be affected by U.S.-EU tariffs, this will not be the case in Britain, as the U.S. is our largest trading partner (totalling our trade with the EU is cheating, outside the union we would lose little in export revenue from trade with member states). We know that the Trump aadministration is eager to conclude a trade deal with the UK once we are out of the EU but such a deal could not be implemented until we formally leave, although if Teresa May's government has the backbone to stand up to EU bullying, "prelimany talks" could begin now so that the terms of a trade deal would only need to be rubber stamped by legislative bodies after we leave.
As a result of the EU's latest move British consumers will not just find themselves facing higher prices when purchasing popular products such as Jack Daniels whiskey and Levis jeans — British car manufacturers would also be hit hard by large tariffs on EU-made cars until we are out of the union, as the U.S. is an important and growing export market for them.