The Two Faces of Europe on Trade

The left hand of Brussels is complaining that should the US focus on ‘America First’ it would harm global trade and therefore be bad for everyone. See ECB wants on risk posed by ‘American first’ policy.  The right hand of Brussels is contemplating stiffing China with tariffs on steel imports due to that country’s subsidized over-capacity. See The EU unwisely sides towards protectionism.

Yet the articles covering both stories appear in different parts of every newspaper. The EU is blatantly two-faced. Better yet the US won’t be insular; Trump has more business skill than all the politicians of the EU. He is using the hint of tariffs as a negotiation tactic. Trump will likely do more for global trade than any political group, period. It will take time for the world to catch up, I am sure.  I suspect the US and UK will fast-track a western union trade deal within the next 12 months.

Hopefully the EU will follow Britain and the US with some more rational, economicall liberal, free-trade leaders in the upcoming elections.  Left leaning, socially progressive types are too focused on short term personal gain and not focused on the bigger issues.

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