Trump announces plans to impose tariffs on EU
(MENAFN) Former U.S. President Donald trump announced plans to impose tariffs on the European Union, criticizing Brussels for its unfavorable trade treatment of the United States. During a press conference on Friday, Trump expressed dissatisfaction with the EU’s trade practices, claiming they hinder U.S. exports, including cars and agricultural products. He pointed to the significant trade deficit between the U.S. and the EU and vowed to take “strong” action against the bloc, though he didn’t provide specific details.
Trump had previously suggested new tariffs of 10% to 20% on EU imports during his presidential campaign, believing this would boost American industries and reduce the trade gap. He also mentioned the possibility of imposing tariffs on various goods from countries such as Canada, Mexico, and China, including electronics, oil, steel, aluminum, and copper. Trump reiterated his belief that tariffs historically helped make the U.S. prosperous and emphasized his intent to return to this approach.
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