From Donald Trump's closing news conference in Davos --
Q Mr. President, can I ask you about the EU trade deal: Do you have any timeline for that? And if you don’t hit that timeline, if there is one, are you automatically going to go to auto tariffs or is there another —
THE PRESIDENT: I have a timeline. Q — is there another avenue, other than auto tariffs?
THE PRESIDENT: Yeah. Great question, actually. I don’t have a timeline, but maybe I do, in my own mind. They have to move relatively quickly, but they have to treat us fairly. The European Union was formed pretty much for this reason, I suspect — you know, if you really think about it. Why was it formed? They formed their airplane company, which does very nicely, and now is doing better than ever because Boeing has not had a good time of it. They have — they have — they better start recovering fast. I hope they do. They have some good people in there now. They have great people in the company, but they have some good people leading it now. So, hopefully, that will be taken care of.
As usual there are so many tangents in his response that the direction is impossible to discern, but he seems to think that the European Union was formed to support companies that could compete with American firms. That might be somewhere on the list, but it was originally formed so that countries could agree on ways to manage declining industries (coal, steel, fishing, agriculture) before getting around to potentially supporting new industries. Not understanding why your trade partner is pursuing a particular policy undermines your chances of changing it.
Q Mr. President, can I ask you about the EU trade deal: Do you have any timeline for that? And if you don’t hit that timeline, if there is one, are you automatically going to go to auto tariffs or is there another —
THE PRESIDENT: I have a timeline. Q — is there another avenue, other than auto tariffs?
THE PRESIDENT: Yeah. Great question, actually. I don’t have a timeline, but maybe I do, in my own mind. They have to move relatively quickly, but they have to treat us fairly. The European Union was formed pretty much for this reason, I suspect — you know, if you really think about it. Why was it formed? They formed their airplane company, which does very nicely, and now is doing better than ever because Boeing has not had a good time of it. They have — they have — they better start recovering fast. I hope they do. They have some good people in there now. They have great people in the company, but they have some good people leading it now. So, hopefully, that will be taken care of.
As usual there are so many tangents in his response that the direction is impossible to discern, but he seems to think that the European Union was formed to support companies that could compete with American firms. That might be somewhere on the list, but it was originally formed so that countries could agree on ways to manage declining industries (coal, steel, fishing, agriculture) before getting around to potentially supporting new industries. Not understanding why your trade partner is pursuing a particular policy undermines your chances of changing it.
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