It would be a ‘mistake’ for the US to start a trade war with the EU, says former ambassador

04/23/2019

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Yen Nee Lee | CNBC

  • The U.S. and some of its European allies recently clashed on issues such as Huawei’s role in 5G development, adding to worries that Washington could next ratchet up tensions with the European Union.
  • It would be a “mistake” if President Donald Trump’s administration decided to impose additional tariffs on European products because of such differences, according to Anthony Gardner, a former American ambassador to the EU.

With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union.

Those worries came as the U.S. and some of its European allies recently clashed on issues such as Huawei’s role in 5G development — something the administration of President Donald Trump considered contentious.

But it would be a mistake if the Trump administration decided to impose additional tariffs on European products because of such differences, according to Anthony Gardner, who served as American ambassador to the EU from 2014 to 2017.

[Read more here.]