Trump Promises Tariffs on European Union – EVOL

The president’s trade policy includes 25 percent tariffs on Mexico and Canada, another 10 percent on China, and a list of planned actions coming soon.

President Donald Trump told reporters in the Oval Office Jan. 31 that tariffs will “absolutely” be imposed on the European Union (EU), though he did not elaborate on the timing or the rate.

“The tariffs are going to make us very rich and very strong,” Trump said. “And we’re going to treat other countries very fairly, but if you think about it, other countries charge us tariffs, we don’t charge them tariffs, and it’s about time that that changes.”

He called out the Value Added Tax (VAT) imposed on U.S. goods sold to the EU as an unfair trade practice.

“We’ve been taken advantage of because other countries charge us VATs … and it costs us an absolute fortune,” Trump said. “We are treated so badly. They don’t take our cars, they don’t take our farm products, essentially, they don’t take almost anything. And we have a tremendous deficit with the European Union, so we’ll be doing something very substantial.”

Because the United Kingdom is no longer part of the EU, its products are not subject to

SHARE THIS:

READ MORE >>>

Subscribe to Our Free Newsletter

VIEW MORE NEWS