Trump targets EU with stiff 25% tariffs on car imports
The President of the United States, Donald Trump, announced on Wednesday his decision to impose tariffs of 25% on goods imported from the European Union, with cars being notably affected. "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 it will apply to cars and all things," Trump said when asked about imposing 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 has become Donald Trump's modus operandi. Just a few days ago, he signed a decision to impose 25% tariffs on foreign steel and aluminum. These tariffs 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 outlined on money.pl, the tariffs will apply to all countries importing steel and aluminum without exception, including European Union countries. Politico highlights that Canada, Mexico, and the European Union are the largest suppliers of these metals to the USA. Imports from the EU were 4.2 million tons in 2023, compared to 4.4 million from Mexico and 10.4 million from Canada. In 2023, Germany was the largest metal exporter to the United States from the European Union, with 1.1 million tons, followed by the Netherlands with 508,000 tons and Italy with 467,000 tons. Poland was far behind with 7,500 tons.
