Macron Warns Trump: ‘Economic Nationalism Leads To War’

[Jessica123]

Macron Warns Trump: ‘Economic Nationalism Leads To War’

Quote

Countries around the world fought back Friday against President Donald Trump’s decision to slap tariffs on steel and aluminum imports, announcing retaliatory countermeasures and warning that the U.S. plan will hurt U.S. consumers.
French President Emmanuel Macron said in a statement Friday that he told Trump in a phone call that the new U.S. tariffs on European, Mexican and Canadian goods are illegal and a “mistake.” Macron pledged the riposte would be “firm” and “proportionate” and in line with World Trade Organization rules.
Germany’s Volkswagen, Europe’s largest automaker, warned that the decision could start a trade war that no side would win. The European Union and China said they will deepen ties on trade and investment as a result.
“This is stupid. It’s counterproductive,” former British trade minister Francis Maude told the BBC.
“Any government that embarks on a protectionist path inflicts the most damage on itself,” he added.
Macron warned that “economic nationalism leads to war. This is exactly what happened in the 1930s.”

Macron is 100% right.

 

[Manonthestreet]

If he believes what he said he should be gleeful since he should be the winner.....rrriiigghht

 

[Kosh]

Just tell that to the people in Ukraine and Syria!

 

[WillowTree]

How many here believe America should suffer massive trade deficits? Raise your hands.

 

[theHawk]

Macron Warns Trump: ‘Economic Nationalism Leads To War’

Quote

Countries around the world fought back Friday against President Donald Trump’s decision to slap tariffs on steel and aluminum imports, announcing retaliatory countermeasures and warning that the U.S. plan will hurt U.S. consumers.
French President Emmanuel Macron said in a statement Friday that he told Trump in a phone call that the new U.S. tariffs on European, Mexican and Canadian goods are illegal and a “mistake.” Macron pledged the riposte would be “firm” and “proportionate” and in line with World Trade Organization rules.
Germany’s Volkswagen, Europe’s largest automaker, warned that the decision could start a trade war that no side would win. The European Union and China said they will deepen ties on trade and investment as a result.
“This is stupid. It’s counterproductive,” former British trade minister Francis Maude told the BBC.
“Any government that embarks on a protectionist path inflicts the most damage on itself,” he added.
Macron warned that “economic nationalism leads to war. This is exactly what happened in the 1930s.”

Macron is 100% right.

Yup, if we do nothing to counter the economic nationalism of the EU and China, it may lead to war. Thank God we have President Trump so we can avoid that.