Trump Confirms European Union as Next Target for Tariffs
TDT | Manama
Email : editor@newsofbahrain.com
U.S. President Donald Trump has confirmed that the European Union is next on his list for tariff impositions, following recent trade actions against Mexico, Canada, and China.
When asked by reporters whether he planned to impose tariffs on EU nations, Trump responded, “Do you want the truthful answer or the political answer?” Upon being pressed for the truth, he replied decisively, “Absolutely.”
The announcement comes a day after the U.S. imposed a 25% tariff on Mexico and Canada, along with a 10% tariff on Chinese goods. Trump stated that tariffs on the EU would be implemented “pretty soon,” though he did not specify a timeline.
Key Takeaways from Trump’s Trade War Strategy:
Trump accused the European Union of taking advantage of the U.S. in trade deals and reiterated concerns over the growing U.S. trade deficit with the 27-nation bloc.
While he did not provide a specific date, he emphasized that the tariffs were imminent.
The U.S. president has previously threatened tariffs on the EU, most recently on Friday, when he criticized European trade practices from the Oval Office.
Economic analysts warn that an extended trade war could slow U.S. economic growth and drive up prices for American consumers.
EU Vows to Retaliate
The European Union responded swiftly to Trump’s statements, warning of firm countermeasures if new tariffs are imposed. A spokesperson for the EU declared on Sunday that the bloc would not hesitate to retaliate against any unfair or arbitrary trade restrictions.
“The EU would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods,” the spokesperson stated, following Trump’s latest tariff escalations against Canada, China, and Mexico.
As trade tensions continue to mount, global markets remain on edge, with investors closely watching for further developments in the ongoing U.S.-EU trade dispute.
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