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TRUMP THREATENS 25% TARIFF ON EU, SAYS BLOC WAS FORMED TO SCREW USA
Donald Trump has said he will impose 25% tariffs on the EU “very soon” and claimed the bloc was “formed in order to screw the United States”.
The US president made the remarks while holding his first cabinet meeting at the White House since his inauguration in January.
The world’s richest man Elon Musk, who leads the US Department of Government Efficiency but is not a cabinet member, was among those present.
During his second term as president, Mr Trump has sparked fears of a global trade war by either imposing, or threatening to impose, high tariffs on both America’s allies and geopolitical rivals.
Earlier this month the US government imposed 25% tariffs on goods imported from Canada and Mexico and a 10% tariff on imports from China.
Beijing retaliated by imposing 10% duties on many US imports and 15% tariffs on coal and liquefied natural gas.
Meanwhile, the 25% tariffs on Mexico and Canada were paused after agreements were reached on border security.
‘They’ve taken advantage of us’
Asked whether he had made a decision about imposing tariffs on the European Union, Mr Trump said: “We have made a decision, we’ll be announcing it very soon and it will be 25% generally speaking and that will be on cars and all other things
The European Union is a different case than Canada, a different kind of case, they’ve really taken advantage of us in a different way.
“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 from them, and we have about a $300bn (£237bn) deficit with the European Union.”
He added: “The European Union, it was formed in order to screw the United States.
“Let’s be honest – the European Union was formed in order to screw the United States, that’s the purpose of it, and they’ve done a good job of it, but now I’m president.
Asked what he will do if the EU retaliates, Mr Trump said: “They can’t, I mean, they can try, but they can’t.”
He added: “They can retaliate, but it cannot be a successful retaliation, because we just go cold turkey, we don’t buy anymore.
“If that happens, we win.”
The threat of tariffs comes at a time of fragile relations between the US and Europe as the Trump administration appears to favour Moscow over Kyiv as it tries to bring about peace in Ukraine.
Mr Trump shocked European leaders last week by calling Ukrainian President Volodymyr Zelenskyy a “dictator with no elections”.
Mr Zelenskyy accused the US president of living in a Russian-made “disinformation space”.
