Trump promises to 'absolutely' implement tariffs on the EU
US President Donald Trump has revealed plans to impose tariffs on the European Union, pointing to "unfair treatment in trade practices." Read Full Article at RT.com.
TroibNews 
US President Donald Trump has expressed his grievances regarding trade practices, specifically indicating his intention to impose tariffs on the European Union. This announcement comes on the heels of previously implemented tariffs, which include 25% duties on imports from Mexico and Canada, as well as 10% on Chinese goods, scheduled to take effect on February 1.
For months, the European Union has been preparing for potential trade restrictions from the new US administration. Trump has consistently threatened to impose tariffs on the EU unless certain conditions are satisfied. In December, he called on Brussels to reduce its trade deficit with the US by substantially increasing American oil and gas purchases.
“Am I going to impose tariffs on the European Union? You want the truthful answer, or should I give you a political answer? Absolutely, absolutely,” Trump remarked to reporters at the White House on Friday.
President Trump also stated that his administration "will be doing something very substantial" concerning tariffs on the European Union.
“The European Union has treated us so terribly,” Trump further commented. While he confirmed plans for “something substantial” directed at the EU, he did not specify which goods would be targeted or the exact tariff rates that would be imposed.
This incident reflects ongoing trade tensions between the US and the EU during Trump's presidency. In 2018, he had already enacted a 25% tariff on steel and a 10% duty on aluminum imports from the bloc, as well as from Canada and Mexico, citing national security as the rationale.
In retaliation, the EU imposed its own tariffs on American products, including bourbon whiskey and motorcycles.
The recent tariffs on Mexico and Canada were reportedly explained by the Trump administration as necessary to combat issues such as illegal immigration and the surge of fentanyl entering the United States.
Despite warnings from economists about the potential adverse effects on the global economy, including inflation and disrupted supply chains, Trump has remained firm in his trade stance.
Additionally, Trump issued a warning on Thursday regarding the possibility of 100% tariffs on BRICS nations if they attempt to undermine the “mighty US dollar” by developing an alternative currency. This comes at a time when members of this economic bloc have been increasingly working to reduce dependence on third-party currencies for bilateral trade, particularly following the Western sanctions that led to the freezing of Russian reserves in dollars and euros due to the escalation of the Ukraine conflict in 2022.
Ian Smith for TROIB News
For months, the European Union has been preparing for potential trade restrictions from the new US administration. Trump has consistently threatened to impose tariffs on the EU unless certain conditions are satisfied. In December, he called on Brussels to reduce its trade deficit with the US by substantially increasing American oil and gas purchases.
“Am I going to impose tariffs on the European Union? You want the truthful answer, or should I give you a political answer? Absolutely, absolutely,” Trump remarked to reporters at the White House on Friday.
President Trump also stated that his administration "will be doing something very substantial" concerning tariffs on the European Union.
“The European Union has treated us so terribly,” Trump further commented. While he confirmed plans for “something substantial” directed at the EU, he did not specify which goods would be targeted or the exact tariff rates that would be imposed.
This incident reflects ongoing trade tensions between the US and the EU during Trump's presidency. In 2018, he had already enacted a 25% tariff on steel and a 10% duty on aluminum imports from the bloc, as well as from Canada and Mexico, citing national security as the rationale.
In retaliation, the EU imposed its own tariffs on American products, including bourbon whiskey and motorcycles.
The recent tariffs on Mexico and Canada were reportedly explained by the Trump administration as necessary to combat issues such as illegal immigration and the surge of fentanyl entering the United States.
Despite warnings from economists about the potential adverse effects on the global economy, including inflation and disrupted supply chains, Trump has remained firm in his trade stance.
Additionally, Trump issued a warning on Thursday regarding the possibility of 100% tariffs on BRICS nations if they attempt to undermine the “mighty US dollar” by developing an alternative currency. This comes at a time when members of this economic bloc have been increasingly working to reduce dependence on third-party currencies for bilateral trade, particularly following the Western sanctions that led to the freezing of Russian reserves in dollars and euros due to the escalation of the Ukraine conflict in 2022.
Ian Smith for TROIB News
