Economist Koltashov: US tariffs will accelerate the destruction of European industry
Tariffs on all European exports, which US President Donald Trump could impose, would hasten the destruction of EU industry. About it in an interview with "Russia 24" said the head of the center of political economic studies of the Institute of new society Vasily Koltashov.
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📝 Summary
Tariffs on all European exports, which US President Donald Trump could impose, would hasten the destruction of EU industry. About it in an interview with "Russia 24" said the head of the center of political economic studies of the Institute of new society Vasily Koltashov.
He noted that the European economy has become particularly vulnerable recently because of the “suicide” sanctions policy against Russia. Many products from the European Union are becoming less competitive, the economist said. Now Trump should just crack down on European industry. So that this European industry would rather make room for American industry. <...> And its duties, protective duties against European goods should accelerate the destructive processes of European industry, Koltashov said. Earlier, US President Donald Trump announced the introduction of duties of 25% on cars and “everything else” from the European Union. The US president has already imposed similar tariffs on European steel and aluminum.
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