One Response to Trump’s Tariffs: Trade That Excludes the U.S.
The New York Times
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.
As President Trump this weekend opened what could become a global trade war, a growing number of countries, including America’s closest allies, are forging their own economic partnerships without the United States. If Washington is putting up a higher fence around its trade, other nations are lowering theirs.
In just the last two months, the European Union concluded three new trade deals.
The bloc, completing negotiations that started 25 years ago, reached a major agreement with four South American countries in December to create one of the world’s largest trade zones, linking markets with 850 million people.
Two weeks later, the European Union struck a deal with Switzerland. Then last month, the bloc bolstered trade arrangements with Mexico. It also resumed talks, after a 13-year postponement, on a free-trade agreement with Malaysia.
“With Europe, what you see is what you get,” the European Commission president, Ursula Von der Leyen, boasted to the World Economic Forum in Davos, Switzerland. “We play by the rules. Our deals have no hidden strings attached.”
On Saturday, Mr. Trump ordered 25 percent tariffs on Mexico and Canada — partners in a trade bloc that he himself signed in his first term — and 10 percent tariffs on China. Mexico and Canada immediately vowed to retaliate, and China said it would consider “countermeasures.” Europe, Mr. Trump promised in recent days, was next: “The European Union has treated us so terribly.”
