SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Now Trump imposes tariffs - EU may be next in line

Donald Trump is making good on his promise to impose tariffs on goods from China, Canada, and Mexico. And the next step could be tariffs on goods from the EU. They have treated us terribly, says Donald Trump.

» Published: February 01 2025

Now Trump imposes tariffs - EU may be next in line
Photo: Evan Vucci/AP/TT

Messages about trade tariffs came in waves from Washington DC on Friday. First out was the President's spokesperson Karoline Leavitt, who confirmed Trump's earlier decision.

These are promises that have been made and promises that have been kept by the President, she said.

Then the President himself received reporters, with new statements.

Sooner or later, we will impose trade tariffs on data chips, on oil, and on gas, he said in the Oval Office, adding that some of these may be introduced as early as February 18.

Earlier, Trump had wavered on the goal of, among other things, imposing trade tariffs on oil imports.

Tariffs await EU

Trump was also asked about his stance towards EU countries:

Will I impose tariffs on the European Union? Do you want an honest answer or should I give you a political answer? he wondered rhetorically and then answered:

Absolute. The European Union has treated us so terribly.

Canada and Mexico will be subject to tariffs of 25 percent, while imported Chinese goods will receive 10 percent tariffs, which are the figures mentioned earlier.

This is because (the countries) have manufactured illegal fentanyl and allowed it to be distributed into our country, which has killed tens of millions of Americans, said Karoline Leavitt.

Difficult days

The President emphasized that China, Canada, and Mexico cannot do "anything" to change the decision. But the affected countries say they will respond.

Mexico's President Claudia Sheinbaum says that the country has "a plan A, a plan B, and a plan C" ready for all decisions the US makes, while Canada's outgoing Prime Minister Justin Trudeau threatens that the country will act.

I don't want to hide (the economic problems), the next few days and weeks will be difficult for our country, he said according to BBC.

In previous trade wars, tariffs have been imposed on, among other things, orange juice and alcoholic beverages from the US. Canada can also threaten to reduce energy exports to mainly northeastern USA, which is heavily dependent on Canadian energy supply.

From the Chinese side, a spokesperson for the country's embassy in the US says that "there is no winner in a trade war".

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald
Loading related posts...