Trade Analyst: Trump’s Letter May Strengthen EU’s Resolve for Retaliation
BlockBeats News, July 13 — Dan Mullaney, former U.S. Assistant Trade Representative for Europe and the Middle East, stated that he believes Trump’s letter to the EU was intended to push the EU toward reaching a better deal. Previously, in May, Trump had threatened to impose a 50% tariff on the EU, a move that appears to have accelerated the negotiation process.
However, Mullaney noted that the letter might encourage those within the EU who are inclined toward retaliation, as they believe the U.S. is not serious about reaching an agreement. He said, “These individuals will feel that their perspective is justified.” (Jin10)
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