AS TRUMP TAKES AIM AT EU TRADE

WASHINGTON (Reuters) - An emboldened President Donald Trump has set his sights on restructuring the more than $1 trillion U.S. trade relationship with the European Union, raising the specter of another major trade war as the global economy slows and he seeks re-election.

Trump, who has long complained that the EU’s position on trade is “worse than China,” on Monday told U.S. governors that he was training his sights on Europe after signing a Phase 1 deal that cooled a bitter trade war with China.

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