They can expect tariffs, they have treated us very badly, says Trump about what EU countries can expect, at a press conference at the White House where he announced investments in AI.
You can't get justice (conditions) if you don't do it, says Trump, referring to the threat of higher tariffs.
The EU and the US have no free trade agreement.
Has a deficit
He claims that EU countries do not buy what they should from the US and that they buy too little. Therefore, the US has a deficit in its trade balance with the EU, he claims.
Shortly after the election, in November, Trump made a notable statement where he threatened Mexico and Canada with 25-percent tariffs from his first day as president. Now Trump is talking about introducing tariffs on February 1. The reasons he gives are the same as before – he claims that Mexico does not stop migrants and narcotics from entering the US and that Canada does not do enough to stop the synthetic opioid fentanyl.
China tariffs
If the tariffs become a reality, the US would break the existing free trade agreement it has with Mexico and Canada, which is valid until 2026.
When it comes to tariffs against China, he now mentions a 10-percent increase, not the much higher levels he has previously suggested. They would be a response to China, also according to the new president, not stopping fentanyl from being delivered to Mexico and Canada.
