Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
President says at first cabinet meeting that levies would be applied ‘generally’ and that more details would come soon
Summary
Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”
While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.
French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.
Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.
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Classic aim high and make the second offer seem like a win tactic?