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EU to put retaliatory tariffs on US


BRING IN UNIVERSITY OF MARYLAND ECONOMIST PETER MORICI. PETER WE TALK ABOUT THE SPECIFICS WHAT WOULD BE IMPACT FOR THE AMERICAN CONSUMER AND BUSINESS OWNER BUT THE LARGER PICTURE HERE, HOW DANGEROUS A TAKE, THE ROAD THAT WE’RE ON NOW BETWEEN CHINA AND CANADA AND MEXICO AND NOW THE EU, WITH THESE TRADE WARS, MULTIPLE TRADE WARS?>>YOU HAVE TO TAKE THEM ONE AT A TIME. WITH REGARD TO THE EU, THE SUBSIDIES TO AIRBUS BASICALLY PUT McDONNELL DOUGLAS OUT OF BUSINESS AND LOCKHEED MARTIN OUT COMMERCIAL WIDE BODY AVIATION BUSINESS. WE USED TO HAVE 2 1/2 MANUFACTURERS AND ONLY ONE WITH AIRBUS ON THE OTHER SIDE. THESE ARE LEGAL. THE WTO PROVIDE FOR THEM. WHEN WE PROVIDE SUBSIDIES THE EU HAS TAKEN US TO COURT AT WTO AND WON. EITHER WE HAD TO REMOVE THEM WHICH EU REFUSED TO DO OR WE WOULD BE HIT WITH THE TARIFFS. THEY’RE DESIGNED TO LEVEL UP THE PLAYING FIELD. SO THEY’RE PERFECTLY LEGAL. THIS ISN’T LIKE DONALD GETTING UP SAYING THIS IS NATIONAL SECURITY THING, THEY’RE NOT TREATING ME FAIRLY SO I’M PUTTING 30% ON CARS. CHERYL: THEY WILL PUT RETALIATORY TARIFFS ON US. WHAT IS INTERESTING, ACTUALLY THE UK IS A MAJOR PORT OF ENTRY FOR AMERICAN PRODUCTS GOING TO EUROPE. I’M THINKING ABOUT CARMAKERS. BANKS WILL BE AFFECTED BY THIS. A LOT OF U.S. DRUG COMPANIES AFFECTED BY THIS EUROPE IS A PLACE WHERE AMERICAN COMPANIES EXPORT. THAT IS ANOTHER PIECE OF THIS, COULD BE DANGEROUS IF THE EUROPEANS RETALIATE AGAINST US?>>IF THEY RETALIATE THEY’RE BREAKING THE RULES. THE WTO SPECIFICALLY PROVIDES THIS AS A REMEDY TO THE UNITED STATES. WHAT WE ARE DOING IS ILLEGAL. WHAT THE EU IS DOING IS ILLEGAL. THEY KEEP CALLING TRUMP A RENEGADE AND WORSE. AND MUCH WORSE. IN THIS CASE HE IS FOLLOWING THE RULES AND THEY ARE NOT. THE SAME THING WITH THE DUMPING DUTIES ON CABINETS. CHERYL: I DO WANT — WHILE I HAVE YOU, YOU ARE AN ECONOMIST, REALLY QUICK. WE’VE BEEN GETTING A LOT OF PRETTY WEAK MANUFACTURING DATA, SERVICE SECTOR DATA, THOUGHTS ON WEAK NUMBERS WE’RE SEEING IS THE U.S. ECONOMY IN YOUR OPINION IN DANGER, PETER?>>I THINK IT IS SLOWING, THE SLOW SPEED IT IS AT THERE IS RISK OF A RECESSION. THAT IS NOT SAYING IT IS GOING TO HAPPEN BUT IT COULD NEED A BOOST. THIS IS TIME FOR EXAMPLE, WE NEED A INFRASTRUCTURE PLAN TO GET MONEY OUT THERE FAST. IT IS POSSIBLE TO GET THINGS QUICKLY NOT IN OBAMA TIME. POSSIBLY TO GET THINGS IN STATE AND LOCAL GOVERNMENTS. CHUCK SCHUMER DEMAGOGUED ISSUE. HE SAYS I WON’T DEAL WITH INCREASE IN THE GAS TAX UNLESS WE REPEAL YOUR TAX CUTS THAT IS IT THEIR ANSWER TO EVERYTHING.

100 Comments

  1. Steve Smith
    Steve Smith October 3, 2019

    Anyone else notice how most of the Fox folks are prodding their guests into saying something negative about the country, president. They can say they haven't changed since Disney bought all of Fox minus FNC but they have. Killed FNC months ago.

  2. John Whittmore
    John Whittmore October 3, 2019

    Ol well who cares.

  3. Nevada Lamont
    Nevada Lamont October 3, 2019

    Lol e.u. who

  4. Bob Crestwood
    Bob Crestwood October 3, 2019

    The EU is a parasite that has been using us the prop up their failing system. Pull the rug out from under them and let them fail!

  5. pandora
    pandora October 3, 2019

    The EU feigns to exist as a political body for the betterment of the lives of Europeans. Lies. It will severely punish and fine any nation that refuses to blindly follow its diktats or, heaven forfend, leave their hallowed ranks. Why? That's a far cry from any genuine concern for the wellbeing of the European people that they, the unelected bureaucrats falsely profess to represent.

  6. Nicholas Clerici
    Nicholas Clerici October 3, 2019

    Hope their ready for round 2

  7. Dave Franklin
    Dave Franklin October 3, 2019

    Global economics and global media has destroyed our way of life.

  8. lamanchadale
    lamanchadale October 3, 2019

    Tell me again why the USA is still in NATO. The USSR has been gone for decades. Most NATO members refuse to pay their agreed to amount to keep it going, forcing the USA to supply the shortfall by taxing the US citizens more. In reality we are there to stop the Europ peons from starting yet another world war. Why should I care? I would enjoy watching the Europ peons return to their favorite avocation of turning old ruins into new ruins. The TV coverage would be great! I would make popcorn.

  9. Nitty 1
    Nitty 1 October 3, 2019

    Eu is a joke

  10. Carol Preston
    Carol Preston October 3, 2019

    Hell with the….EU.

  11. Deborah Hardy
    Deborah Hardy October 3, 2019

    DT screw the EU over. Didnt the EU sign a agreement with us? They need us we dont need them. I THINK THIS IS ANOTHER DEMMOS GAME. TAKE OUR MILITARY OUT OF GERMANY AND FRANCE AND SAY GOODBYE TO SOROS EU MOB. YOU DONT BITE THE HAND THAT FEEDS AND PROTECTS YOU.. GUESS THE DEMOS NEEDED A DISTRACTION FROM THE IMPEACHMENT PROBE. SOROS AGAIN.

  12. Texas Nationalists
    Texas Nationalists October 3, 2019

    Lol, they will lose with Trump.

  13. Citizen EU
    Citizen EU October 3, 2019

    Yes, another trade war for Trump 😂. He is such a good businessman, he keeps winning all the time :-).

  14. Koudous Moutairou
    Koudous Moutairou October 3, 2019

    Out of all the people that commented here, how many people have ever taken an economics class in their lives

  15. Nate Hahn
    Nate Hahn October 3, 2019

    No more defense for the EU

  16. Ron McNeely
    Ron McNeely October 3, 2019

    Name one thing any other country in the world needs from the EU.

  17. Crazy Ant
    Crazy Ant October 3, 2019

    If the EU wants to drown itself in its own mystery….then so be it

  18. fleetlordavtar
    fleetlordavtar October 3, 2019

    WRONG!!! they not gonna retaliate

  19. Lee Kh
    Lee Kh October 3, 2019

    Very simple.. don't buy usa aircraft esp Boeing and any military equipments. Buy Airbus and EU, Russia, china military equipments. So much cheaper , effective and better. Look their equipment can't even defend Saudi from drone attack.

  20. JSBPhotorebel
    JSBPhotorebel October 3, 2019

    Screw the EU…I hope the UK goes through with BREXIT

  21. Baxter Powel
    Baxter Powel October 3, 2019

    He put tariffs on allies and suck enemies, it's a new trump secret strategies for MAGA!?
    Maybe it's an help for Bozo of Boston?!
    I should be really stupid for not be able to understand this Big project !
    I can't wait to see how America will be great again!……………

  22. Carl Capps
    Carl Capps October 3, 2019

    I do not have to buy anything from China or the EU , Hypocrites get rewarded.

  23. domenicaantje
    domenicaantje October 3, 2019

    The EU don't realize what's coming to them and the people they are supposed to represent.They are nothing but un-elected crooked globalists

  24. Carl Capps
    Carl Capps October 3, 2019

    Depending on idiots on pedestals is risky business, Relying on Experience and Truth will get you far.

  25. Dank Slushy
    Dank Slushy October 3, 2019

    1776 shall commence again

  26. Dank Slushy
    Dank Slushy October 3, 2019

    The funniest thing about this is we do NOT need these cancerous fucks. I hope to god we pull the plug on nato and watch it go to hell.

  27. diane reynolds
    diane reynolds October 3, 2019

    Trumps doing the right thing with tariffs. What do you want him to back off. Big mistake. He's right like you said and the UK need to get over it. Control your country and let Trump run ours.

  28. Rosemary Sheridan
    Rosemary Sheridan October 3, 2019

    The EU is a dictatorship

  29. Gamer007
    Gamer007 October 3, 2019

    Regarding economy slowing… People are ignoring the high employment, jobs still available. Also worth noting we literally seen 50-200%+ gains on average in demands for goods since 2016.

    So 50% decrease in consumer demand wouldn't be bad. We are simply returning to normal levels.

    I think the recession thing is blown out of proportion. We've slowed down globally, and it wasn't even related to trade, demand and income just isn't there after such an increase.

    Ultimately your personal situation is the indicator. Do you have 3-6 months you can live worry free if you lose your current job/income? Are you debt free? Do you have local opportunities if your job disappears?

    If your a millionaire you'd ask what recession and when? I never seen it. If your poor you're saying you never escaped the recession.

    We must make decisions that ultimately help us overcome such challenges.

  30. Karen Lloyd
    Karen Lloyd October 3, 2019

    good we can make an grow it all in America

  31. mystery guest
    mystery guest October 3, 2019

    Neither of them should turn their back on free trade.

  32. Warren G.
    Warren G. October 3, 2019

    Big mistake by E.U. if they do. Trump is right, Americans first.

  33. Jared Coleman
    Jared Coleman October 3, 2019

    EU better better not mess with the US, Trump will handle them like hes doing China you see China banks being unplug, so the EU better not retaliate or it will be consequences

  34. Mr America
    Mr America October 3, 2019

    The EU😂😂 them pathetic people, nobody cares!

  35. Brian Crane
    Brian Crane October 3, 2019

    They were our good friends when blood and gold needed to be spent in WWII! Now not one of them likes us! Let them keep their cheese and wine!

  36. Anton
    Anton October 3, 2019

    The EU will indirectly pay for Boeing subsidies. MAGA 🇺🇸

  37. Econo Driver
    Econo Driver October 3, 2019

    TRUMP 2020………….

  38. Ryan Dickin
    Ryan Dickin October 3, 2019

    The EU is crumbling. It’s a disgrace.

  39. Chris M
    Chris M October 3, 2019

    The E WHO?

  40. stuligin dahooligan
    stuligin dahooligan October 3, 2019

    Wtf is up with that bowtie

  41. Whiteman
    Whiteman October 3, 2019

    It is insane that europe expects USA to defend them, then shits all over USA by placing tariffs. I suggest USA get smart and stop spending those $billions defending europe. I also suggest europe show some gratitude to USA for all that they have done for europeans. Same goes for Israel.

  42. Pete. A
    Pete. A October 3, 2019

    So if they screw us it's okay,. As soon as we screw them back they start whining, Why not play fair from the beginning. Stupid EU – stupid China and stupid other countries. Grow up!..

  43. The Gray Pill
    The Gray Pill October 4, 2019

    The us should stop working with them for one month. Do not sell or buy anything from them for one month. With all the new "citizens" they have, they will collapse

  44. Michael Skoviak
    Michael Skoviak October 4, 2019

    More fake news.

  45. Mary Delaney
    Mary Delaney October 4, 2019

    I was under the understanding that the EU could not retaliate according to WTO rules.

  46. Daniel Borg
    Daniel Borg October 4, 2019

    How much has America spent in lives and money defending your country and all the Kaos your currently has paved in the last 60 years.

  47. great outdoors
    great outdoors October 4, 2019

    Sincere apologies to the world community……Please know that a majority of Americans are truly ashamed of our disgusting president

  48. Sergio The Schout
    Sergio The Schout October 4, 2019

    Lets put some nuances in here. US has been taken advantage of the EU countries for decades. Instead of alienating the EU but hey GM and ford have been using sites all over Europe never paid a dime of taxes but got subsidies of the EU that was 3x higher than the US ever gave them, and still they fired over 50k people. When the countries say " ok since you are leaving and it is on public land we are going to put in other manufacturing companies since you are leaving"… you know what those companies said? NO YOU CANT DO THAT. Talk about the arrogance.

    Europeans had enough.. it is after all the US that was doing regime change and weakened the EU in one stroke with all the illegals. So lets be honest here hm. Remember what happened when Germany wanted to start up trade deals with Russia? TRUMP got mad. Germany backed down from that deal. Ukraine you say? The EU WANTED to interfere in 2012s but was PROHIBITED to do so by.. THE US. It is quite easy to have one liners and tweets to have some cheap shots…

  49. Jimmy Chow 91421162
    Jimmy Chow 91421162 October 4, 2019

    Good news for EU. They been bothered with just their own affairs and leaving US and its allies to keep the peace and order all over the place. Whose paying US and its allies? The US and their allies themselves.
    Guess even the people of EU are more concerned with things happening around the world then their own govts.

  50. kenneth osborne
    kenneth osborne October 4, 2019

    The EU can do that but we would have to let them defend themselves from now on with no U.S. military or aid to NATO.

  51. blue eyes white dragon
    blue eyes white dragon October 4, 2019

    I can't believe the EU is stupid enough to poke the bear Trump will crush the EU economy like a ant

  52. N Ex
    N Ex October 4, 2019

    Fk the EU. They'll be sorry when we give ALL our trade business to the UK.

  53. Tom fair
    Tom fair October 4, 2019

    Aaahahaha, the EU is just weak..really with British prime minister problems ,failed brexis ,france under civil war and Germany overrun by unemployable muslims and n. Africans

  54. Terry Robbins
    Terry Robbins October 4, 2019

    Hungry Salvation Army

  55. Planet Bolshevik
    Planet Bolshevik October 4, 2019

    The EU is run completely by Marxists. They love the Chinese Corporate Communist Model and want that for Europe. This was part of the One World Order and their plan is having some serious hiccups

  56. Sarah Smith
    Sarah Smith October 4, 2019

    The EU is nothing but the Globalists elites puppet they dance to sick families names like Rothschild, Billderturds, Soros, and certain so called "Royal family" and about 8 or so more lol. Just glad Trump just said in his U.N. speach the America will NEVER EVER ratifie the trojan horse National Disarmament Treaty or know as the INF Treaty winning winning winning😁😁😁😁😁😁😁

  57. Chatla Suresh
    Chatla Suresh October 4, 2019

    EU tariff's on what kind of product's and supplier's, manufacturer's and producer's who created from labor's on play field.

  58. Chatla Suresh
    Chatla Suresh October 4, 2019

    EU not tariffing Asia?
    I recommend EU to tariff China-India they got hot-spicy stuff.

  59. BigWasabi
    BigWasabi October 4, 2019

    This clown is clueless and proud of advertising his ethnic hate towards Europe and jealousy It’s simply do you want Champagne( the real deal from Reims) or “ hard lemonade”with bubbles Do you want Belgian Chocolate or” Malt Balls”Those are all personal choices but there are differences in the quality and people who buy Reims Champagne or Brussels Chocolate don’t care about a slight added price Regarding airplanes you produced a deadly killer machine and it happens to be in the class that’s most used With these irrelevant tariffs YOU CANT AFFORD to buy all of the Airbus planes you need to replace a Boeing 737 MAX that’s such dangerous junk it will NEVER fly again You simply won’t have enough competent planes for your own demand Nobody else cares its your call

  60. 杨度
    杨度 October 4, 2019

    Uncle Sam: “How Dare You?”

  61. Jill D.
    Jill D. October 4, 2019

    So when so we start crushing the EU?

  62. ky342yote
    ky342yote October 4, 2019

    US should fully pull out of NATO and see how quick they get in line

  63. Boingfish1
    Boingfish1 October 4, 2019

    Remove our military and watch the kids beg for Uncle Sam to return. Their socialistic pomp will not protect them.The EU is on the side of the Globalist Democratics.

  64. protractor
    protractor October 4, 2019

    time to stop defending the EU with our soldiers lives.

  65. Chase Whiteman
    Chase Whiteman October 4, 2019

    🇺🇸 SUPPORT President TRUMP 🇺🇸

  66. adonaiinfidel
    adonaiinfidel October 4, 2019

    "EU to put retaliatory tariffs on US"<< Bring it.
    Europe is on track to implode on itself by 2050 at the latest.
    America has bled for and financed the recovery of Europe to many times already.

  67. F. Teixeira
    F. Teixeira October 4, 2019

    EU win.

  68. G Fisher
    G Fisher October 4, 2019

    LOL Sound like a declaration of war! Let's attack the EU! Oh, they don't have an army? And the British want out? Too bad so sad. I can stop buying Mercedes and BMW no problem.

  69. Melody
    Melody October 4, 2019

    We do not need the EU,they should break up !

  70. Melody
    Melody October 4, 2019

    This is about the one world order,they are angry because it's dying !

  71. Adam Rutter
    Adam Rutter October 4, 2019

    EU simpletons. 😂

  72. Saucy Philosophy
    Saucy Philosophy October 5, 2019

    Everyone start growing food.

  73. 人情味儿没有
    人情味儿没有 October 5, 2019

    Australian owned news channel pretending to sing star spangled banner. Lol

  74. Boban Milisavljevic
    Boban Milisavljevic October 5, 2019

    Regular Americans don't even notice this stuff you guys make big deals out of. I doubt most people in the US even think about the EU

  75. Lord Elrond
    Lord Elrond October 5, 2019

    When US. subsidies itself $16 Billion for agriculture and farmer, no one talking about that.

  76. William Limarjo
    William Limarjo October 5, 2019

    Wrong move… EU will lose…

  77. Oppressors Beware
    Oppressors Beware October 5, 2019

    Looking at Germany most people have no clue where Chancellor Merkle grew up and it also explains some of the dumbass socialist things she supports. Oh yeah she grew up in the former DDR (EAST GERMANY)…..go figure!

  78. Marshal Arnold
    Marshal Arnold October 5, 2019

    Keep up the pressure, the world has taken advantage of the US for decades. Good to see the WTO agrees. And these are our friends, ha! Tariff all of the rule breakers!

  79. Joseph Contreras
    Joseph Contreras October 6, 2019

    Art Laffer said there's no way they would retaliate it's against the rules.

  80. Wave Dancer
    Wave Dancer October 6, 2019

    The EU has already regulatory tarifs installed since decades!

  81. Donald Kasper
    Donald Kasper October 6, 2019

    If the PU retaliates to a WTO ruling, then the WTO is null and void.

  82. Anna Sharp
    Anna Sharp October 6, 2019

    Is EU going to pay up on their part of UN and NATO! US economy will do fine.

  83. ROBERT ANDERSON
    ROBERT ANDERSON October 6, 2019

    FAUX NEWS, YOU FORGOT TO DISABLE COMMENTS!!! YOU ARE SLIDING INTO THE SWAMP EVER SINCE OBAMA/DISNEY BOUGHT FOX., AND THEN YOU HIRED DONNA BRAZILLE…

  84. Ricardo Rangel
    Ricardo Rangel October 6, 2019

    The One World Government is desperate for world domination. They are calling good evil and evil is being called good.

  85. rolf glaser
    rolf glaser October 6, 2019

    the EU has to go bankrupt

  86. Mike Joyce
    Mike Joyce October 6, 2019

    Who cares, the United States can be self sufficient and doesn't need to trade.

  87. Paullet Daniels
    Paullet Daniels October 6, 2019

    They don't like it when they don't get to f*** us anymore.

  88. PC Laney
    PC Laney October 6, 2019

    That's great now they can pay for their own defense. America's been footing the bill for the last 70 years

  89. Ismael Pacheco
    Ismael Pacheco October 6, 2019

    I LEARNED THAT THE EUROPEAN COUNTRIES ARE NEVER BEEN FRIENDS OF THE UNITED STATES OF AMERICA…LONG TIME AGO!….Now, will SEE WHAT HAPPENS!..ACTUALLY, EUROPEAN leaders ARE DEMOCRATS FRIENDS.

  90. Paul Harvey
    Paul Harvey October 6, 2019

    The EU is showing their true colors. We saved them TWICE in the last century and this is how they treat us when we need their support? To hell with them!

  91. Chris C
    Chris C October 7, 2019

    Europe has benefitted significantly off of America, go ahead, let them off the meal-train. It's like your kid saying they're going to charge you rent for having to live with you.

  92. David Kreutzer
    David Kreutzer October 7, 2019

    We , the United States don't need nothing from them . They'll need us way before we need them !!!
    Pretty simple

  93. SanAntonioSlim
    SanAntonioSlim October 7, 2019

    HAAAAA! Heh heh heeee HAAAAAA! The EU…tariffs…HAAAAAA! Sure. Tariff away man. Whatever. Good luck with that. Wait until we hit them with some reciprocating tariffs.

  94. Paramino Jorack
    Paramino Jorack October 7, 2019

    We won't buy any EU made products, period.

  95. GamerGirl 1
    GamerGirl 1 October 7, 2019

    Abolish eu and un

  96. m beginization
    m beginization October 7, 2019

    They can't take the WTO judgement

  97. ZERO FUCKS GIVEN
    ZERO FUCKS GIVEN October 7, 2019

    U.S deserves what they give,, and more.

  98. eyewaves
    eyewaves October 7, 2019

    There are close to ,350M" people in the EU. That is a massive healthy market. The US will be left with China and a bunch of 3rd world countries who cannot and will not pay. Without EU market, the US will be left with Roger in the hand.

  99. crystalmtn01
    crystalmtn01 October 7, 2019

    Don't buy European products….good luck imposing tarriffs. The EU and UN are globalist organizations that need to go the way of the dinosaur.

  100. A B
    A B October 8, 2019

    As an American, I am excited to see more things by Americans made for Americans.

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