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2mo ago

Trump Announces 25% Tariffs on EU, Claims Bloc Was Created to Undermine US

The US president accuses the European Union of exploiting trade imbalances and outlines sweeping tariffs on European goods, including cars.

U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. REUTERS/Brian Snyder
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, April 20, 2016.
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U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. REUTERS/Brian Snyder

Overview

  • President Donald Trump declared 25% tariffs on European Union imports, citing trade imbalances and claiming the EU was formed to disadvantage the United States.
  • The tariffs, set to take effect on April 2, will target a wide range of goods, with European car exports expected to be significantly impacted.
  • The US trade deficit with the EU reached $235.6 billion in 2024, with cars and agricultural products among areas Trump highlighted as unfairly treated in trade policies.
  • Analysts warn the tariffs could harm both economies, with potential job losses in Europe and inflationary pressures in the US.
  • European leaders have criticized the move, and potential retaliatory measures by the EU are being discussed, though Trump dismissed their ability to respond effectively.