Trump calls for 50% tariff on EU, says he's 'not looking for a deal' with bloc
www.cnbc.com
President Donald Trump believes European Union proposals have not matched those from other trading partners, U.S. Treasury Secretary Scott Bessent said.

cross-posted from: https://lemm.ee/post/64837536

cross-posted from: https://lemm.ee/post/64750194

  • President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

  • The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”

The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!

    • Tad LispyOPMEnglish
      3·
      1 day ago

      Yeah. By now it’s an old news, which is saying a lot about his fiscal and foreign policy.

      I suspect it’s not so much about chickening out, as about playing stock market. Every time he announces tariffs, markets go down. He cancels them - they go up. And who knows ahead of time what he’s going to say tomorrow? Only Taco and his most trusted cronies. It’s like insider trading on steroids.