Brussels: China will win the US and EU trade war
reports Mehr News Agency quoted Dice, Cajaja Kalas, EU foreign policy chief, said the block is ready for a possible trade war with the United States, but the winning of the war will be none other than China.
“We were listening to those words carefully and preparing ourselves,” said Calas, referring to US President Donald Trump’s remarks on tariffs against the European Union. But obviously commercial wars have no birds.
“If the European Union and the United States start a commercial war, the one who is happy is China,” he said.
According to Calas, tariffs on European goods from the United States will increase prices and other negative consequences on the parties. In addition, such a decision will also have a negative impact on jobs.
“We are strongly interdependent,” he emphasized. We need America and America also needs us too.
The US is determined to impose more tariffs on imports from the European Union. According to him, this will happen soon. Trump claims that EU member states do not buy US automotive and agricultural products.