Time for international trade attorneys and corporate legal advisors to weigh in on the legal and compliance ramifications of such a dramatic economic shift.
Since then, Trump has made progress with deals in the UK and even China amid the escalating trade war, but apparently hasn’t managed.
To come to an agreement with the European Commission. Potential Legal & Corporate Fallout Taking to his Truth Social platform, Trump wrote:
“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers,
Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American Companies, and more,
Have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.” Such accusations could trigger cross-border litigation,
