Trump targets EU with sweeping 25% tariffs on imports
The President of the United States, Donald Trump, announced on Wednesday that he would impose tariffs of 25% on goods imported from the European Union. These tariffs are expected to affect, among other things, cars. "The European Union was formed to cheat the United States," he stated.
"We made the decision, and we will announce it soon. Generally speaking, it will be 25% and will apply to cars and all things," Trump said when asked if he would impose tariffs on EU goods.
The Republican stated that the European Union was established with the intent to mislead the United States, asserting that it has successfully done so. However, he emphasized that the situation has changed now that he is president.
Trump imposes tariffs
Imposing tariffs on other countries is part of Donald Trump's usual approach. Just a few days ago, he signed a decision to impose 25% tariffs on foreign steel and aluminium. These will affect all countries from which the USA imports these two metals, including the European Union. No exceptions have been made.
While signing the documents, Trump described the moment as significant for restoring America's prosperity. He also stated that this would lead to the opening of many businesses across the United States.
As we reported on money.pl — the tariffs will apply to all countries importing steel and aluminium, including European Union countries. As Politico highlights, Canada, Mexico, and the European Union are the largest suppliers of these metals to the USA. Imports from the EU were 4.2 million tonnes in 2023, compared to 4.4 million from Mexico and 10.4 million from Canada. From the European Union, the largest metal exporter to the United States in 2023 was Germany (1.1 million tonnes), followed by the Netherlands (508,000 tonnes) and Italy (467,000 tonnes). Poland, in this regard, ranks low at the end (7,500 tonnes).
