Trump Threatens to slap 25% tarifs on eu, says bloc was always to hurt the US

Us President Donald Trump Threated to Impose 25% Tarifs on Imports from the European Union, Claiming that the Economic and Political Block was formed “to screenw” the US

On Wednsday, during the first cabinet meeting of his second term in office, trump said that duties against canada and mexico would take take take effect on April 2 and that HIS TRADE MEASUSURES Will INCLUDE A 25% Tariff O Goods from the eu.

“We’ll be announcing it very song,” He Told Reports. “It’ll be (a) 25% (tarif) generally spending, and that will be on cars and all other things.”

He added, “They’ve really taken advantage of us … they do’t accept our cars, they do’t accept, essentially, our farm products. of them. “

The President has made it a priority to tackle what he sees as unfair trade relationship with a number of the us ‘closest neighbors and trading partners, citing the us’ Persistent TRADETS Imports More Goods and Services Than It Exports – as evidence of this.

Trump Claimed, without Citing Evidence, that the Eu Had Been Formed to Undermine The Us

“I love the country of europe. I guess I’m from there at some point, a long time ago, right? … but (the) european union was formed in order to screen to screen … Done a good job of it. But now i’m president, “He said.

The eu was established after the 1993 Enforcement of the Maastricht Treaty, Building on Post-War Sentiment of European Unity and CIITES Establishing an Internal Market and Achieving Sustainable Development Among Its AIMS.

European Commission data show That the eu had a Trade Surplus of 155.8 billion euros ($ 159.6 billion) with the us for goods in 2023, but Ran A 104-Billion-Billion-EUROS Defecit on Services. Machinery and Vehicles make up the largest chunk of eu experts to the us by product group, followed by chemicals, other manufactured goods and medicinal and pharmaceutical products.

Tarifs on eu importants would likely translate INTO Higher Pries for Us Consures,With economists alredy warning of the potanally inflationary impact of important duties.

European Markets Are heading for a sharply lower open and trump’s tarifs threat have rattled the eu, which has previously threatened to respond to the measures in a “proportionate way.”

The European Commission, The Eu’s Executive Arm, Responded to Trump’s comments by pledging to “react firmly and immediatily Against Unjustied Barriers to Frete and Fair TRANDENT Tarifs are used to challenge legal and non-discriminatory policies. “

Reacting to Trump’s Claims about the Eu’s Origin, The Commission noted that the eu had benefited the US

“The European Union is the World’s Larget free market. And it has been a bon for the united states. Exporters, and Harmonized Standards and Regulations Across 27 Countries.

The eu ulged the US to work with it “to preserve these options for our people and businesses.

The tariffs principal is not new, with trump having already threatened the eu and uk with Leviies. The White House Leader Had Nevertheles Previous Signaled that a deal could be worked out with britainWhich has a much more balanced trading relationship with the US

– CNBC’s Silvia Amaro Contributed Reporting to this story.