US President Donald Trump has again complained about trade with European countries. They would have “treated the US very badly” and therefore had a fortune. In general, the EU was set up alone “to drop off the United States”.
A few days ago, Trump presented a huge customs package that should considerably change the structure of the global economy. In the first step, new flat -rate rates of ten percent came into force on imports from almost all countries in the US. A complex mechanism will follow on Wednesday, which, according to the government, offers even higher rates for countries with which the United States has a particularly large trade deficit. The EU countries are occupied by rates of 20 percent.
With this measure, the production location must be strengthened on the one hand and on the other hand other countries must be reduced in order to reduce their own trade barriers for the entry from the US.
Money correction is possible
To raise the White House the special rates, foreign governments would “have to pay a lot of money,” Trump said on Sunday evening (local time). However, he was not worried about the losses of trillion dollars on the stock markets worldwide and the fear of a trade war.
According to his own statement, the US president has already spoken with leading politicians from Europe and Asia. “They come to the table. They want to talk, but there are no conversations if they don’t pay us a lot of money every year.” Finance Minister Scott Bessent of the US said that more than 50 governments Vehrandungen had already started with the United States. Trump now has a “maximum pressure agent”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
