Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation
If there is one thing the EU knows about Donald Trump, it is that he loves tariffs. The incoming president has said “tariff” is “the most beautiful word in the dictionary” and has threatened to impose them on US allies around the world.
On the campaign trail he proposed tariffs of 10-20% on imports from all countries, with a 60% rate reserved for China. Once elected, he tweeted that the EU must buy more US oil and gas “otherwise it is TARIFFS all the way!!!” This week, he announced he would create an “external revenue service” on the day of his inauguration.
About Author
More Stories
Bodies recovered from illegal goldmine in South Africa where many feared dead
US sues Elon Musk for allegedly failing to disclose early Twitter stock purchase
Italy seeks to protect restaurants and hotels from fake and paid-for reviews