EU in position to stop US from igniting a trade war

The EU knows full well that global governance has suffered a setback because of the anti-globalization and protectionist decisions made by the Trump administration.

US President Donald Trump has taken his protectionist agenda to a new height by imposing unjustifiably high tariffs of up to $60 billion on Chinese products and restricting Chinese investment in the United States, and all but declaring a "trade war" against China.

The EU has not been directly targeted by the US. In fact, the European bloc has been seeking "permanent exemption" from such US actions, and Washington might accommodate the request, probably because the two sides are security allies.