Donald Trump threatens 25% tariffs on EU goods

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Donald Trump threatened to hit 25 percent import tariffs with the EU when he pounced on the block, saying that he was “formed for the US.”

The remarks took place during the first meeting of the Cabinet of Ministers of Trump on Wednesday, which appeared a speech by Elon Musk, a billionaire, whom the US president accused of reducing state expenses.

“We made the decision and we will announce it very quickly,” Trump said when he asked his EU tariff plans. “It will be 25 percent usually and this will be on cars And all the other things. ”

Trump’s comments cause the prospect of a broad transatlantic trade war that can hurt both the US and European economy And to inflict more damage to broken diplomatic ties among Western allies.

On Wednesday night, the European Commission threatens revenge when Trump imposed tariffs, saying that the EU was “at once and immediately against unjustified barriers to free and fair trade.”

Trump separately prepared for the implementation of 25 percent tariffs On the neighbors of America Canada and Mexico, when the White House tries to hold unregistered immigration and Fentanyl’s trade on their borders.

Despite Trump’s promises for the introduction of tariffs for these two countries, as well as China from the first day of its second term, only Beijing measures came into force.

During his first term, the President also threatened several tariffs that could not come true.

On Wednesday, Trump said the fees in Canada and Mexico would come into force on April 2, suggesting that the delay in the tariffs that were to be introduced next week.

But, as Trump said, Howard Lutnitsa, the secretary of the trade, intervened, noting that the neighbors of America still had to satisfy the president’s demands for Fentonil, believing that the fees could still come into force next week.

“It will be difficult to satisfy,” Trump said after Lutnik jumped into the discussion.

The White House at the White House for a meeting that included a trade discussion, in addition to peace talks in Ukraine.

Sir Keir Starmer, Prime Minister of the UK, who left the EU, will meet Trump in Washington on Thursday.

The President did not propose any new details of the EU tariffs offered, including the authorities to use, but resumed his rigid attacks on the block that he has long been perceived as unbalanced economic relations.

“They really took advantage of us.

“We will be honest, the European Union has been formed to twist the US. That’s the goal. And they did a good job.”

The formation of the block was encouraged by Washington after World War II to deepen economic integration and make the conflict less likely.

The euro fell slightly after Trump’s comments, trading 0.2 percent below $ 1.049.

Automatic groups that will be strongly affected by the proposed US import tariffs from Canada and Mexico, as well as the EU, warn that the demand for the vehicle will be affected because Consumers are forced to pay Higher prices when a 25 percent tariff is imposed on imports.

“Consumers will not be able to absorb the increase in vehicles and volume prices,” said the CEO of a large supplier of European auto parts. “The industry is already in a delicate position, and this mass uncertainty is already slowing down the transactions, investments and distribution of capital.”

During the cabinet meeting on Wednesday, Musk defended his efforts to reduce the federal government’s expenses, saying that “America will become bankrupt” without the intervention of his team.