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China Laughing if US, EU Start Trade War: EU's Kallas | Bloomberg The Pulse
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February 3, 2025
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41:51Now PlayingGlobal stocks tumbled and the US Dollar surged as President Trump threatens the start of US tariffs on global trades, beginning with Canada, Mexico and China. He warns the EU is next, calling the bloc an “atrocity” on trade. Trump’s move is the most extensive act of protectionism taken by a US president in almost a century, with knock-on effect on everything from inflation to geopolitics and economic growth. EU leaders are meeting for a retreat to discuss defense spending in the context of Russia’s ongoing war against Ukraine and Trump’s demands that the bloc spend more. On Monday, EU’s foreign policy chief Kaja Kallas said, “If the US and Europe start a trade war, the one laughing on the side is China.
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