President Trump, “EU possibly as bad a China on trade.”

President Trump, “EU possibly as bad a China on trade.”

President Trump, “EU possibly as bad a China on trade.”

Sunday, President Trump said, Europe is “possibly as bad as China” on trade.

“The European Union is possibly as bad as China, only smaller,” he said. “It is terrible what they do to us.”

“I love those countries, Germany, and all of the countries. Scotland…. But they treat us very badly. They treat us very unfairly,” he added.

President Trump has threatened to sanction European countries doing business with Iran.

President Trump said he did not put restrictions on Chinese companies investing in US tech because he “didn’t like pinpointing China” and “they are not the only” country stealing US intellectual property.

“I get along with China. I like the President. President for life, we can call him the King, right? I like the President,” he said. “I didn’t like pinpointing China. I don’t think it’s fair.

“They are not the only 1. Now, they are bigger and stronger, and frankly they do it more, and they are probably a bigger violator, but it is other countries, too. I wanted to go worldwide … So you mean China can’t do it but other countries can?”

That, in turn, has drawn widespread criticism from his own party, Democrats and international leaders over his decision to enact steep tariffs on imports of steel, aluminum and other products from the European Union, Canada, Mexico and other countries.

Some nations have implemented retaliatory tariffs, raising concerns of a global trade war.

President Trump has repeatedly 2X’d down on the policy, saying that it will eventually prompt other leaders to come to the bargaining table.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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