Rebuilding Trade Trust between the U.S. and EU
On "What'd You Miss This Week", Scarlet Fu, Joe Weisenthal, Caroline Hyde and Romaine Bostick spoke with European Commission trade commissioner Cecilia Malmstrom while she was in Washington to meet with U.S. trade representative Robert Lighthizer. The EU would be forced to retaliate and has already prepared a list of American-made products worth 20 billion euros if the U.S. follows through on President Trump's proposed tariffs on imported cars, Malmstrom said.
The net result would be a blow to the entire global economy, Malmstrom warned. “It would be very harmful for our economy, it would be harmful for the global economy, and it would be harmful for the U.S. economy," she said. "Many cars are produced here in the U.S. with car parts from Europe."