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President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.
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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!
I need to explain to people why this is so amazingly stupid:
You are literally giving Europe an excuse to put tariffs on American goods and services, which they want to anyway, to encourage domestic producers.
Also, you’re making it easier for them to buy directly from south Korea, Japan and even China, especially since those countries can’t sell as easily to the US.
For Europe this is an absolute win/win.
But honestly, this sounds like a way for Trump to put pressure on Europe to back off on Ukraine, as he probably thinks the EU is reliant on US LNG, which is kind of isn’t really.