Moneymoney

Mon Feb 18, 2019, 11:40 AM

Commerce Study Deems "European Cars a Threat to US National Security

German media report this morning that the US commerce department has concluded its investigation into European car imports and handed over its report to President Donald Trump, who now has 90 days to make a decision. Handelsblatt has seen a draft which concluded that European cars constitute a threat to US national security...

The diplomatic counter-offensive already started with Angela Merkel's speech at the Munich Security Conference, when she said that it was incomprehensible that German cars, many built in the US, constitute a national-security threat.

We conclude with a paragraph from a New York Times story, which in our view constitutes a good snapshot of where we are: "The Europeans no longer believe that Washington will change, not when Mr Trump sees traditional allies as economic rivals and leadership as diktat. His distaste for multilateralism and international cooperation is a challenge to the very heart of what Europe is and needs to be in order to have an impact in the world."

https://moneymaven.io/mishtalk/economics/commerce-study-deems-european-cars-a-threat-to-us-national-security-WubntUbXb0awPB8Kb_S06Q/

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