Will retaliation work for Europe? It’s a bet.
The European Union is responding to the vast commercial war of President Trump with a handshake and a punch: it promises that potential administrative victories also prepare their retaliation rates on American products starting next week.The questions are if the entrances are sufficient and if a strength show could return against."Europe can damage America and revenge seems like a good strategy if you believe that Trump worries about the political repercussions from economic pain here at home," said Michael Stain, director of studies on the economic policies of the Think Tank Conservative American Enterprise Institute, in Washington. "The concern is that he doesn't care."Trump threatened to impose enormous additional rates to Chinese assets to punish the nation for reacting against his pre...