Don’t chicken on tariffs

President Donald Trump Wednesday pushed away from the new criticism of his again rate threats that were mockingly summed up as “Taco trade“

The term invented Financial observer .

When asked by CNBC about the term in the White House, Trump denied that if he refused and suggested that his steps helped the United States get the soil in trade negotiations.

“Once I did what he did, they said,” We’ll meet at any time, “said Trump about the European Union, which is recently aimed at A C 50% tariff on the US – Before reporting two days that he was Delay of this new collection.

“You call it a chicken?” said Trump.

“This is called the negotiations,” he added, criticizing the question as “unpleasant”.

Stocks fell on Friday After Trump urged the US to impose a steep tariff on the EU since June 1. On Sunday, Trump said he would delay the term until July 9 after the President of the European Commission Ursul von der Leyen asked for extension.

At the next trading session on Tuesday, Stocks rallied through the main indices.

Trump’s comments on Wednesday continued to order a 50% threat when stopping trade talks between the US and the EU.

“It is sad that now, when I conclude with them, it is something much more intelligent, they will say, ‘Oh he was a chicken, he was a chicken,” Trump said. “That’s so incredible.”

The turn in the EU-Toriff not for the first time abruptly abolishes his own trade policy.

After the weeks of the accumulation, Trump presented individual “mutual” tariff rates almost to each country on Earth, some of the big duties 30% or more.

A week later, after a few attacks, the Trump market said that he would drop all these tariffs for 90 days. Markets responded to one of the biggest one -day Rallies in history.

The Trump administration’s trade war with China was going on a similar path. In April, the president scored up to 145%tariffs for Beijing, pushing for revenge and scared investors. He threw them up to 30% a month later, after the initial round of trade negotiations.

. Laya Neelakandan CNBC has contributed to this report.