US President, Donald Trump has threatened to impose tariffs against the European Union and China. This is in retaliation for duties imposed on imports of US lobster. Trump, while speaking at a meeting with fisheries representatives in Bangor, Maine, on Friday instructed Peter Navarro, his hawkish trade advisor, to look into punitive tariffs on European
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He called Brussels “almost as bad over the years as China in terms of trade,” insisting that the tariff would be “equivalent-plus.” The President asked Navarro to also look at China and find “something they sell that’s very precious to them” which could then be counter-tariffed. “Pick a product, a corresponding-plus if they don’t drop the tariff for Maine lobster going into China.
“It’s very simple. All you do is say, that’s OK, keep charging us: we’re going to charge you a corresponding,” he threatened.
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