
U.S. President Donald Trump's recent calls for the EU and other G7 powers to impose 100% tariffs on China and India was mainly aimed at Japan but comes as the U.S. disengages from its traditional allies, a European trade source who attended a recent trilateral meeting of the EU, Japan and the U.S. told MNI.
"Both Japan, less so EU, so mostly Japan is asking the U.S. for protection whether it is critical raw materials or rare earths or other kinds of strategic exports from China. Japan is increasingly worried about China's increased dominance in the semiconductor space and therefore I think the Trump administration is saying. 'don't ask for help in dealing with China, do it yourself because you're playing a double game,’” the source said.
"This matter was discussed. [at the trilateral meeting] My impression is that the U.S. does not really expect Europe to impose 100% tariffs nor will Europe ever consider such a measure. It is mostly about direction," the source said.
Trump's request followed the U.S. imposition of tariffs on India for its role in refining and re-exporting Russian oil, so helping fuel the conflict in Ukraine. (See MNI INTERVIEW: Tik-Tok Deal To Pave Way For Trump China Trip)
"The tariffs come from this angle, of the US administration basically being a little bit fed up with others expecting a lot from them."