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The President of the United States Donald Trump confirmed once again his intention to break international trade agreements that he deems disadvantageous for the United States
"I am being asked sometimes to do that in a week. "said the US president during a speech in Kansas City, Missouri on Tuesday, July 24.
Trump strongly criticized US trade relations with the European Union and China, saying that trading partners "have been stealing for decades" America
Speaking of relations with the EU, the US United The President stated that "these people are saying good things, but they are really difficult."
According to Trump, European partners commit serious abuses "in trade relations with the United States."
At the same time, he assured that he would do business that will benefit not only the United States but also the American partners.
"We need agreements to be at least intelligent, honest. "We do not need stupid trade agreements that have worked for many years."
US Treasury Secretary Stephen Mnuchin urged the G7 countries to create a free trade zone and remove trade barriers.
Reminder, on March 1, at a meeting with representatives of major steel companies, the US President Donald Trump announced the introduction of duties on the import of oil and gas. steel and aluminum . Already on March 8, the head of the administration signed an order on the imposition of foreign duties of 25% and aluminum 10%.
Tariffs came into effect for some WTO members on March 23, 2018 and for others on June 1, 2018. The European Union and China also reacted to tariffs on American goods
At the same time the EU was preparing joint proposals from the United States to avoid a trade war . Sources in diplomatic circles point out that it is about the export of liquefied US gas to Europe, improving the conditions of access to the European market for US automakers and the liberalization of government procurement.
Details on the possible consequences of the trade wars for the Ukrainian economy in the article by Arthur Fedorchuk "Trade War and Ukraine " in the weekly "Mirror of the Week Ukraine".
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