U.S. President Donald Trump has blasted the European Union for unfair trade practices, pledging to impose "reciprocal tariffs" on European goods. His remarks come amid growing tensions following the enforcement of new tariffs on steel and aluminum imports.
U.S. President Donald Trump sharply criticized the European Union during a meeting with Irish Prime Minister Micheál Martin in the Oval Office, accusing the EU of unfair trade practices and mistreating America for years.
Trump declared plans to impose "reciprocal tariffs," meaning any tariffs the EU imposes on the U.S. will be matched by similar charges on European goods. “And as you know, we're going to be doing reciprocal tariffs. So whatever they charge us with, we're charging them. Nobody can complain about that. Whatever it is, it doesn’t even matter what it is. If they charge us, if they charge us 25 or 20%, or 10%, or 2%, or 200%, then that's what we're charging them,” Trump said.
The remarks followed Trump’s decision to enforce tariffs on steel and aluminum imports, a move that prompted retaliation from the EU.
Trump emphasized his goal to rebuild U.S. manufacturing, stating, “I’ll always have flexibility, but there will be very little flexibility once we start. April 2nd is going to be a very big day for the United States of America. The United States of America is going to take back a lot of what was stolen from it by other countries and by, frankly, incompetent U.S. leadership.”
Trump also blamed previous U.S. administrations for allowing Ireland to attract American pharmaceutical companies through favorable tax policies.
Prime Minister Martin noted Ireland’s significant investments in the U.S., including aircraft purchases from Boeing. However, Trump remained focused on leveling the trade playing field, citing the absence of American cars in Europe as another example of unfair trade practices.
The United States began their World Cup campaign in commanding fashion with a 4-1 victory over Paraguay, delivering an emphatic performance that under...
Ambassadors from the European Union’s 27 member states have agreed to advance accession negotiations with Ukraine and Moldova, paving the way for th...
European Union countries have agreed to maintain the current three-hour threshold for flight delay compensation in the bloc’s upcoming update to air...
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as f...
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, ti...
European Union negotiators are expected to agree on Tuesday (19 May) on legislation removing import duties on U.S. industrial goods, in a move aimed at implementing last year’s trade agreement with the United States and avoiding higher tariffs threatened by U.S. President Donald Trump.
China stocks wavered in morning trade on Friday, with investors cautious heading into the last day of a high-stakes summit between U.S. and China's President, which has delivered a few deals so far.
By the time American shoppers began noticing higher prices on everything from trainers to televisions, the world's two largest economies were already deep in a trade war that left the world wondering how it would end.
U.S. President Donald Trump has said he will raise tariffs on cars and trucks imported from the European Union to 25% next week, up from the 15% level agreed last year, accusing the bloc of failing to comply with its trade commitments.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, since primary school. Their families have rearranged their lives around it.
Ambassadors from the European Union’s 27 member states have agreed to advance accession negotiations with Ukraine and Moldova, paving the way for the first formal phase of talks to begin on Monday.
European Union countries have agreed to maintain the current three-hour threshold for flight delay compensation in the bloc’s upcoming update to air passenger rights, preserving one of the most recognisable protections for travellers.
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, tighter controls on foreign students and expanded investigative powers for the migration authorities.
China has expressed strong dissatisfaction over a United States decision to place several major Chinese companies on a Pentagon list of firms alleged to support the country’s military.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment