TRUMP SAYS TO IMPOSE 25 PCT TARIFFS ON EU CARS – President Trump claimed that the European Union has “taken advantage of” the United States
U.S. President Donald Trump said that his administration has made a decision to impose tariffs of 25 percent on products from the European Union (EU), including cars.
“We have made a decision. We’ll be announcing it very soon, and it’ll be 25 percent, generally speaking, and that’ll be on cars and all other things,” Trump told reporters at a White House cabinet meeting.
Trump claimed that the European Union has “taken advantage of” the United States. “They don’t accept our cars, they don’t accept, essentially, our farm products. They use all sorts of reasons why not. And we accept everything of them, and we have about a 300-billion-dollar deficit with the European Union,” he said.
When asked by a reporter whether he would continue to delay tariffs on Mexico and Canada due to progress on border control, Trump said he would not prevent the tariffs from taking effect.
On Feb 1, Trump signed an executive order to impose a 25 percent tariff on goods imported from Mexico and Canada, with a 10 percent tariff increase specifically for Canadian energy products.
However, two days later, Trump announced that the additional tariffs on goods from Mexico and Canada would be deferred for 30 days, allowing more time for negotiations.
On Monday, Trump said that tariffs on Mexico and Canada will “go forward.”
Additionally, on Feb 13, Trump signed a memorandum directing relevant departments to determine “reciprocal tariffs” for each foreign trade partner.
