Businesses that rely on international markets to make their products and services are worried that the Trump administration’s “America First” economic policies will make them more vulnerable to competition from abroad.
Trump’s plan to boost U.S. manufacturing, expand infrastructure and protect American jobs from overseas competition would have a chilling effect on business in the global economy.
The United States has already lost billions of dollars to foreign competition in goods and services.
Trump promised to create a trade war that would allow foreign competitors to challenge American industry at home and abroad.
The U.K. and Germany are already taking measures to try to prevent the Trump plan from going into effect.
The European Commission, which is responsible for coordinating economic policies across the bloc, issued a statement saying that the U.N. trade talks are still in progress.
The U.k. will also likely use the trade talks to restrict the ability of U.s. firms to import products from other countries.
The European Commission said the Trump trade plan would have an “unduly restrictive” effect on the ability for U. companies to export goods.
“A wide range of measures would be taken, including by the United Kingdom and other member states, to limit imports of goods from the U