Donald Trump said that he would attack the EU for tariffs, add blocks to a target list, including Canada and Mexico, and bring the United States on a new trade war with the largest trade partner.
The US President acknowledged that new tariffs could cause the market “confusion”, but claimed that the government would help to close the trade deficit.
“The tariff will make us very rich and very strong,” Trump told the elliptical offices.
A few hours before planning a 25 % tariff in Canada and Mexico, Trump has also expanded his threat, including the EU, as it was scheduled to come into effect on February 1.
“Are you going to impose tariffs on the European Union?. Absolutely,” said Trump. “They don’t take our car, they don’t take our agricultural products. Essentially, they have little,” he said. “And we have a tremendous deficit with the European Union, so we do very important things with the European Union.”
In less than two weeks after returning to the White House, the President’s comment marks the sharp escalation of trade and means that the world’s largest economy is about to impose tariffs on the most important trade partner. Masu.
According to customs database trading data monitors, the import of US products from the EU, Canada, Mexico and China was about 60 % in 2023, 1.9 tons.
The European Commission said, “We do not recognize additional tariffs on EU products,” and said “causing unnecessary economic confusion.”
“The relationship between trade and investment with the United States is the largest in the world,” said the chief spokesman Pola Pinho. “Respect for open market and international trade rules is essential for strong and sustainable economic growth.”
Trump also stated that chips and “tips -related things” would “ultimately” and apply tariffs to oil, gas, steel, copper, aluminum, and pharmaceuticals.
He said that the tariffs of steel and aluminum could come immediately next month, next month, but oil and gas tariffs will occur around February 18.
The US dollar was enhanced by Trump’s comments, leaving a currency index with about 0.6 % pears. Nishi -Texas intermediate, an oil benchmark in the United States, rose more than 1 % per barrel to $ 73.81.
Trump stated that it would reduce Canada oil tariffs to 10 %, but other imports from the country would be taxed to 25 %. Canada is the largest foreign oil supplier in the United States and accounts for about 60 % of crude imports.
President said that nothing could be done overnight to Canada and Mexico so that tariffs could not be applied to imports.
“It’s not a negotiating tool,” said Trump. “It’s a pure economy. As you know, there are all three large deficits.”
Economists say that cleaning fees are inflation, and the federal preparation system may prevent borrowing costs as expected this year. Some central bank officials had already begun in December, including Trump’s policy in December before he took office.
Attacking the largest trade partner in the United States with sudden tariffs increases the risk of igniting a full -fledged trade war for Trump’s second term.
Both Canada and Mexico have prepared retaliation tariff packages and are ready to implement them. The EU also states that he will defend himself in retaliation tariffs, as in Trump’s first term.
“We are ready to respond. Liberal,” said Canadian Prime Minister Trudeau on Friday. There is, “he warned.
Former Finance Minister of Canada, who is running for the successor of the Canadian Trudeau, adds a huge tax to Tesla vehicles on Friday to punish Ottawa, one of Trump’s top allies. It urged US tariffs to retaliate.
Trump has shown that new tariffs have not been moved by economic warnings to impair the US economy or that imports have taken over the cost of consumers, so that inflation will be dangerous. Ta.
“Credit does not cause inflation, they cause success,” he said.
However, the Democratic Party warned many burdens to be handed over to American consumers. “Donald Trump is aiming for new tariffs in Mexico, Canada, and China, but they will probably attack Americans with their wallet,” said Chuck Schumer, the leader of the Senate’s minority. 。
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“If these tariffs are fully effective, it will be even more difficult for middle -class families to increase the price, from food to cars and gas.
Trump is threatened to attack Canada, Mexico, and China with sudden tariffs in November, and it is not enough to stop trading in Fentanil, an illegal and fatal option. I blamed it.
Washington’s Business Rubyist hoped that the president would take a calm approach and not to apply 25 % of the collection immediately because he was worried about the impact on the US supply chain and the cost of the product.
Other options include the time for the Canada and Mexican government to increase the time to negotiate with the Trump team on border security, gradually introduce tariffs, and delay tariffs to increase over time.
Additional reports by Harriet Clarfelt
