US Pres. Trump: Europe has set up 'terrible' barriers for US on trade

Eren Sengezer FXStreet

While speaking at the Economic Club of New York on Tuesday, US President Donald Trump said that Europe had set up 'terrible' barries for the United States on Trade. "Europe’s trade barriers are worse than China in some ways," Trump added.

Earlier in the day, "US Trade Representative's Office will submit a report on possible tariffs on autos and auto parts. This report will be submitted to White House by tomorrow and could allow the President to target specific countries & EU for tariffs on autos and auto parts," Fox Business' White House correspondent, Edward Lawrence, tweeted out.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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