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President Trump to EU: Time for Tariffs!


President Trump just dropped a bomb on the global market.

Tariffs on EU goods.

No specifics yet, but he promised something “substantial.”

And it’s about time!

One of the main reasons he slammed the EU is for treating the U.S. terribly.

So many countries take advantage of us, but that’s ending.

The EU says they’re ready to hit back if President Trump pulls the trigger. Ha! What are they going to do?

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Poor EU. Looks like they’re going to have to start playing ball with President Trump or things will just get tougher for them.

Politico reports:

A massive trade war looms after U.S. President Donald Trump announced Friday evening he will “absolutely” slap tariffs on goods from the EU.

“Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely,” he told reporters in the Oval Office.

“The European Union has treated us so terribly,” Trump added, reiterating a grievance he has frequently voiced.

Trump has threatened to start a trade war with the EU in recent months, posting on social media in December that unless the bloc buys more American oil and gas, it would be “TARIFFS all the way!!!”

However, his remarks Friday were the first time he confirmed as much. He did not say exactly what the tariffs would be or on what specific goods they would be imposed, but said he plans on “doing something substantial.”

During his first term, Trump imposed tariffs of 25 percent on steel imports and 10 percent on aluminum imports from the EU, Canada and Mexico, sparking a trade war with the bloc, which hit back with tariffs on American goods including whiskey, motorcycles and denim, worth around $6 billion.

The European Commission has said it is ready to retaliate again if Trump levies tariffs this time around.

The EU exported $576.3 billion worth of goods — nearly 20 percent of its total exports — to the U.S. in 2023, according to U.S. Census Bureau data, making America the bloc’s second-largest trading partner.

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Trump on Friday also announced 25 percent tariffs on goods from neighboring Canada and Mexico, and 10 percent on imports from key trade partner China, which he said would go into effect on Saturday.

And if they think Trump is going to flinch with their threats? Well, then they haven’t been paying attention.



 

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