{"id":45603,"date":"2019-04-23T15:40:43","date_gmt":"2019-04-23T20:40:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45603"},"modified":"2019-04-23T15:40:47","modified_gmt":"2019-04-23T20:40:47","slug":"seeds-sown-for-major-transatlantic-trade-war-starting-in-may","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45603","title":{"rendered":"Seeds Sown for Major Transatlantic Trade War Starting in May"},"content":{"rendered":"\n

Seeds Sown for Major Transatlantic Trade War Starting in May\u00a0<\/a><\/h3>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

Trump wants a trade treaty with the EU to include agriculture. France says no. It only takes one.<\/p>\n\n\n\n

Trump has made a considerable number of trade threats only to eventually back down. Will it play out that way again?<\/p>\n\n\n\n

For a number of reasons, I think Trump will act this time. First, let’s look at the threats.<\/p>\n\n\n\n

Severe Pain<\/strong><\/p>\n\n\n\n

On February 25, Trump told the EU Play Ball or \u2018We\u2019re Going to Tariff the Hell Out of You\u2019<\/a><\/p>\n\n\n\n

“The European Union is very, very tough. Very, very tough. They don\u2019t allow our products in. They don\u2019t allow our farming goods in,” Trump said at a meeting with U.S. governors, according to a transcript<\/a> from the White House. He added that “maybe, in certain ways,” the EU is “tougher than China.”<\/p>\n\n\n\n

On March 14, Trump Warned EU of \u2018Severe\u2019 Economic Pain if No Progress On Trade Talks<\/a>.<\/p>\n\n\n\n

Partial Agreement Won’t Fly<\/strong><\/p>\n\n\n\n

On April 15, Reuters reported EU Ready to Launch U.S. Trade Talks, but Without Agriculture<\/a>.<\/p>\n\n\n\n

The EU approved two areas for negotiation, opposed by France with an abstention from Belgium. But agriculture was not included, leaving the 28-country bloc at odds with Washington, which has insisted on including farm products in the talks.<\/p><\/blockquote>\n\n\n\n

EU trade agreement are unanimous. Tiny countries can and have influenced outcomes. It took over a decade to get an agreement with Canada over concerns of tiny nations.<\/p>\n\n\n\n

Even if US-EU trade talks take place, nothing will come of them and Trump will quickly get frustrated.<\/p>\n\n\n\n

Climate Change Now in the Picture<\/strong><\/p>\n\n\n\n

On April 18, France has signaled it will not cooperate with Trump in any way.<\/p>\n\n\n\n

Please consider the new French demand:\u00a0No EU-US Trade Talks Unless Trump Supports Climate Deal<\/a>.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Seeds Sown for Major Transatlantic Trade War Starting in May\u00a0 Trump wants a trade treaty with the EU to include agriculture. France says no. It only takes one. Trump has made a considerable number of trade threats only to eventually back down. Will it play out that way again? For a number of reasons, I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[279,805,3222],"class_list":["post-45603","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-eu","tag-trade","tag-trade-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45603"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45603\/revisions"}],"predecessor-version":[{"id":45604,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45603\/revisions\/45604"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}