Donald Trump again intensified the tone against the European Union, accusing the European bloc of unfair trade practices and arguing that Brussels must pay significant financial reparations to the United States
US President Donald Trump reinforced criticism of the European Union (EU), accusing her of treating the United States of America (US) “very bad” in commercial terms.
During a conversation with journalists aboard Air Force One, Trump said that the imbalance in trade between the two blocks has been harmed by the US, leading him to suggest that the EU could be forced to pay repairs for “past damage.”
“We have their cars – Mercedes, Volkswagen, BMW… thousands and thousands of cars. They get zero American cars in return,” said Trump.
In his last statement, Trump also accused Europe of not buying US agricultural products, arguing that the US has been “exploited” by unfair trade practices by the EU. The US president also stated that if the European Union wants to negotiate an agreement, he will have to pay a “high price” and give in financially to correct what he considers to be a history of economic imbalance.
From Wednesday, the European Union is expected to be impacted by an additional 10% rate, which joins the 10% in force since Saturday, on various products exported to the US. The European Union has been pressured for a more balanced trade agreement, but Trump remains inflexible and makes it clear that it will impose conditions.
“There is no conversation unless you pay us a lot of money a year – not only for the present, but also for the past. They have taken a lot of our wealth and we will not allow it to continue,” said the US president.
Trump compared the rates he has applied to several countries to a medicine, believing that the US will come out “much stronger” in economic terms.
“Our country has become much stronger. And it will end up being a country like no other. It will be the most economically dominant country in the world,” he said.
International scholarships opened on Monday in a strong fall after the collapse late last week on Wall Street, following the US President’s announcement of imposing new customs tariffs. Despite panic in markets and international criticism, Trump remains confident in his protectionist strategy. In his social truth network, the president assured that “tariffs are a beautiful thing to see” and encouraged Americans to keep calm.
“I spoke to many European and Asian leaders. They want an agreement, but I said, ‘We won’t continue to have deficits with your countries.’ We’ll win.
Meanwhile, European leaders are preparing to respond with economic contracted. In Brussels, the pressure grows to defend the interests of European industry and avoid broader economic collapse. The European Union ministers gather on Monday morning in Luxembourg to analyze the community bloc response to customs announced by the US. Ministers of the 27 Member States will analyze the response to the US-imposed rates of 20% on all European Union products.
