Trump Announces 25% Tariffs on EU, Claims Bloc Was Created to Undermine US
The US president accuses the European Union of exploiting trade imbalances and outlines sweeping tariffs on European goods, including cars.
- President Donald Trump declared 25% tariffs on European Union imports, citing trade imbalances and claiming the EU was formed to disadvantage the United States.
- The tariffs, set to take effect on April 2, will target a wide range of goods, with European car exports expected to be significantly impacted.
- The US trade deficit with the EU reached $235.6 billion in 2024, with cars and agricultural products among areas Trump highlighted as unfairly treated in trade policies.
- Analysts warn the tariffs could harm both economies, with potential job losses in Europe and inflationary pressures in the US.
- European leaders have criticized the move, and potential retaliatory measures by the EU are being discussed, though Trump dismissed their ability to respond effectively.