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Trump targets EU with 25% tariffs, eyes Canada and Mexico next

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By Agence France Presse

US President Donald Trump said Wednesday that tariffs on European Union products would be 25 percent in general, and signaled that duties on Canada and Mexico will take effect in early April.

Speaking at a cabinet meeting, Trump described the EU — whose creation was encouraged for decades by Washington — as rooted in an attempt to counter the United States.

“Look, let’s be honest, the European Union was formed in order to screw the United States,” Trump said.

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EU was formed to screw with the US – Trump

Asked if he had made a decision on tariff levels for the bloc, Trump added: “We’ll be announcing it very soon and it’ll be 25 percent, generally speaking.”

He said this would hit products including cars, adding that the EU has “really taken advantage of us.”

ALSO READ: Stock markets struggle as Trump rekindles trade war fears

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Trump has threatened “reciprocal tariffs” on US trading partners to counter “unfair and unbalanced” trade.

He has also said he would impose sweeping levies on imports of certain products, such as autos and pharmaceuticals.

Since taking office in January, Trump has announced and paused blanket tariffs on US neighbors Canada and Mexico over illegal immigration and fentanyl smuggling.

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Trump not stopping the tariffs

Asked about the halt, Trump said he was not stopping the tariffs, adding that he planned for levies to take effect on April 2.

“The tariffs go on, not all of them, but a lot of them,” he said.

NOW READ: South Africa will pay the price for Trump’s tariffs

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– By: © Agence France-Presse

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Published by
By Agence France Presse