President Donald Trump vowed that as the transatlantic trade war intensified, Donald Trump responded to the EU’s new tariffs on the United States.
The EU’s decision to raise tariffs on incoming steel and aluminum by 25%, charging new tariffs on U.S. goods.
“Of course, I will respond,” he told reporters in the Oval Office on Wednesday.
Trump did not state how he intended to fight back the EU and its decision, but believed he imposed tariffs on “recapturing” U.S. wealth.
The president also strengthened tariffs on all steel and aluminum imports, triggering a fierce trade war.
Canada also responded to Trump’s new tariffs, announcing new tariffs on U.S. computer and sports equipment imports.
The EU’s over-counter tariffs on U.S. industrial and agricultural products in the Republican-led states focus on U.S. meat, bourbon, motorcycles, bourbon, peanut butter and jeans.
The move would cost U.S. companies billions of dollars and escalate the trade war between the U.S. and its partners. On April 1, new tariffs reached the level.
European Commission President Ursula Von der Leyen warned that in Europe and the United States, prices would be at risk.
We deeply regret this measure. Tariffs are taxes. They are bad for businesses and even worse for consumers. ” von der Leyen said.
Trump’s steel and aluminum tariffs could increase the cost of producing goods from household appliances to cars and beverage cans.
Even under threat from the EU and Canada, Trump refused to back down, believing that the United States is being exploited.
“The EU was established to take advantage of the United States,” Trump said.
