Thursday, June 21, 2018

Canada, EU and Germany Signal Compliance With President Trump Trade Demands. They are bending the knee.

Germany bends the knee:
Germany, without consulting with Emmanuel from France, just unilaterally announced that the EU is willing to drop all trade tariffs against U.S. auto manufacturers as part of their strategy to fend-off steel, aluminum and crushing auto tariffs.
BERLIN—Germany’s leading auto makers have thrown their support behind the abolition of all import tariffs for cars between the European Union and the U.S. in an effort to find a peaceful solution to the brewing trade war.
The U.S. ambassador to Germany, Richard Grenell, brought the proposal for a broader industry trade pact to the Trump administration on Wednesday, according to people familiar with the situation.
That would mean scrapping the EU’s 10% tax on auto imports from the U.S. and other countries and the 2.5% duty on auto imports in the U.S. As a prerequisite, the Europeans want President Donald Trump’s threat of imposing a 25% border tax on European auto imports off the table.
[…] A French official said Paris was unaware of the proposal, and it wasn’t discussed during a recent summit between French President Emmanuel Macron and German Chancellor Angela Merkel in Meseberg, Germany.  (Read more)
The EU bends the knee:

 The European Union is ready to engage with the United States to solve a trade row triggered by Washington’s decision to impose metal impose tariffs, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday.
“We are always open to talk with the U.S. The whole EU is based on the idea that we talk,” she told a seminar. She described the tariffs as “illegal” as they contravened World Trade Organization (WTO) rules.  She also said the WTO needs rules to address China’s subsidies and dumping of its goods in markets. 

And savor this:

The EU is now leaving Canada naked to the trade monster that is the indefatigable Trump.
Thanks to Trudeau and Freeland, and their childish stunt after the G7,  they have their country standing naked and alone, as the reality of national economic interests has their former anti-Trump trade allies headed for the exits to save their industries. 

Winning.  I haven't had enough of this yet.


  1. Oh no, this can't be true. I heard Chrystia Freeland, who is apparently the Foreign Minister of Canada (or will be, when she graduates from middle school- it's not clear,) who said that she's best pals with the EU Trade Minister. Between them, the girls will save the world from Trump!

    Why, they're such pals that they even exchange emojis and huggies through the email! That's ever so much faster than the perfumed notes with sparkle-pen messages, but it's too bad there's no scent, isn't it? Neither "mean girl" knows anything about foreign trade, but that doesn't matter, does it. "History proves that nations with allies thrive." So when you are friends, you're friends all the way!

  2. We all know what transpired after Monica took a knee before slick Willie. President Trump will have the ladies (I include little Miss Muppet Justin) figuratively performing the same kneeling act.

  3. I'm not tired of winning yet.