Training not tariffs: How to protect US free trade victims
Instead of unleashing a trade war against China and criticising European trade policies, US workers would be better off if Trump adopted European-style labour policies, says ING's economist Raoul Leering.
There is still a chance that President Trump will impose steel and aluminium tariffs on the EU.
The EU is exempted for the time being, but there is no reason to suppose that Trump's dissatisfaction with the American trade deficit with the EU has suddenly disappeared. Germany, in particular, has been accused of unfair trade policies by the US president. So it is far from unthinkable that Trump will return to pressure Germany and, in general, the EU to lower its trade surplus with the United States.