“There will be no duty if the product is manufactured in the United States,” said US President Donald Trump – his statement in detail
The US president Donald Trump stated on Friday that it recommends enforcement dictatorial 50% in products from the European Union, starting on June 1, saying that the EU was difficult in trade negotiations.
“The European Union, which was created primarily to exploit the United States in the trade, was very difficult in negotiations,” Trump said via a post on Truth Social. “Our discussions with them do not lead anywhere!”
For his part, US Finance Minister Scott Bessed He argued that most countries are negotiating with “good faith” except for the EU.
Especially in his post he states:
The European Union, which was created for the primary purpose of benefiting from the United States in Trade, was very difficult in negotiations. Strong commercial barriers, taxes, ridiculous corporate penalties, monetary manipulations, unjust and unjustified lawsuits against US companies and much more have led to a US $ 250,000,000 per year trade deficit, which is completely unacceptable. Our discussions with them do not lead anywhere! As a result, I propose a 50% immediate duty to the European Union, starting from June 1, 2025, there will be no duty if the product is manufactured in the United States. Thank you for your attention on this subject!
It is noted that after Trump’s announcement, European stock markets are more than 2%losses.
Source: Skai
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