A senior official in the European Union has warned that the 28-nation bloc will retaliate if US President Donald Trump takes trade measures to restrict European imports into the US.
“If European exporters have to pay tariffs, that will become a two-way street. Then US exporters will have to pay tariffs here,” EU budget commissioner Guenther Oettinger told Sunday’s edition of Germany’s Welt am Sonntag newspaper.
“Anyone who uses the instrument must know that we also have it. And the European market is at least as big as the American one,” Oettinger said.
Last week, Trump expressed his annoyance with EU trade policy, saying that it “may morph into something very big.”
In an interview with Britain’s ITV network during the World Economic Forum in Davos, Switzerland, Trump described EU trade policies toward the US as “very, very unfair.”
“They’re not the only one, by the way. I could name many countries and places that do. But the…