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Rubio: US could enter into new trade agreements after tariffs are imposed

Marco Rubio, the Secretary of State for Florida, said that once the United States imposes tariffs on major trading partners they could begin bilateral discussions with other countries about new trade agreements.

Donald Trump, the U.S. president, threatened to slap 200% tariffs on wine, cognac, and other alcohol imported from Europe on Thursday, opening a second front in a trade war that's roiled financial market and caused recession fears.

Rubio said that the United States will retaliate if other nations impose tariffs against it.

This is global. "It's not against

Canada

It's not against the law

Mexico

He told the CBS program "Face the Nation" that it wasn't against the EU.

He continued, "And from this new baseline of fairness, reciprocity and mutuality, we'll engage in - potentially – bilateral negotiations with other countries around the globe on new trade agreements that make sense to both sides."

Rubio did not provide any details on the possible new deals, but said that the United States will "reset the baseline", to ensure that it is treated fairly.

"We don’t like the current status quo. "We are going to establish a new status-quo and then, if other nations want it, we can negotiate," he said. "What we are doing now is not sustainable." Reporting by David Ljunggren, Editing by Mark Porter

(source: Reuters)