EU to Trump: Look at Services When Griping About Trade Deficit
This article is for subscribers only.
The European Union’s top two officials warned about greater trade tensions with the U.S. as President Donald Trump weighs tariffs on foreign cars after irking American allies with metal-import levies.
EU President Donald Tusk said Europe must be prepared for “worst-case scenarios” in international commerce, echoing an alarm he sounded before a European summit last week. Jean-Claude Juncker, head of the European Commission, the 28-nation bloc’s executive arm, said Trump’s fixation on a U.S. trade deficit in goods ignores a services surplus.