By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Trump ‘Extremely Satisfied’ With Plan to Hit EU With 50 Percent Tariff
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Politics > Trump ‘Extremely Satisfied’ With Plan to Hit EU With 50 Percent Tariff
Politics

Trump ‘Extremely Satisfied’ With Plan to Hit EU With 50 Percent Tariff

By Viral Trending Content 5 Min Read
Share
SHARE

The comment comes after he had announced that those tariffs would be paused until July 9 if no deal is made.

President Donald Trump said on Tuesday that his announcement to place 50 percent tariffs on European Union imports into the United States was a success because it pushed the 27-nation bloc to move faster on a deal.

Trump last week warned that he would impose the 50 percent rate starting on June 1 but said in a social media post over the weekend that it would be pushed back to July 9 amid trade negotiations.
In a Truth Social post on Tuesday, the president indicated he is pleased with how it played out and is also “extremely satisfied with the 50 percent Tariff allotment on the European Union, especially since they were slow walking (to put it mildly!), our negotiations with them.”

“I have just been informed that the E.U. has called to quickly establish meeting dates. This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America,” he said.

He added a caveat that he is “empowered to ‘SET A DEAL’ for Trade into the United States if we are unable to make a deal, or are treated unfairly,” according to the post.

In a social media post last week before he delayed the imposition of the duties, Trump had threatened to impose the 50 percent tariff on EU goods, asserting that the bloc had been “very difficult to deal with” on trade and that negotiations were “going nowhere.”

A call between Trump and European Commission President Ursula von der Leyen on Sunday led to the delay until July.

EU Commission spokeswoman Paula Pinho told a news conference that von der Leyen and Trump agreed to fast-track the negotiations. The result of the call means that “there is now also a new impetus for the negotiations, and we will take it from there … from our side, we always said that we were ready to make a deal,” she said.
Von der Leyen confirmed the call with Trump in a post on X and wrote that the EU and the United States “share the world’s most consequential and close trade relationship.” She added that Europe is also “ready to advance talks swiftly and decisively” and that “to reach a good deal, we would need the time until July 9.”

The EU has offered Trump a “zero for zero” deal in which tariffs would be removed on industrial goods including automobiles, but the Trump administration has said it will not lower tariffs below a 10 percent baseline imposed on almost all its trading partners. Trump has also announced broad tariffs of 25 percent on steel and automobiles.

The 10 percent baseline tariff was announced in early April as part of a “Liberation Day” statement released by the Trump administration, which also included higher rates for major U.S. trading partners. About a week later, Trump issued another statement pausing the higher rates for 90 days.

The administration also hiked tariffs on Chinese imports to 145 percent. Earlier this month, both Washington and Beijing agreed to a deal that would have both the United States and the Chinese regime reduce their tariffs by 115 percent.

Aside from the announcement to impose new duties on the EU, Trump also said he would place a 25 percent import tax on all smartphones unless those devices are manufactured in America.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump wrote in a post last week. “ If that is not the case, a Tariff of at least 25 percent must be paid by Apple to the U.S.”

Trump later clarified his post to say that the tariffs would apply to all smartphones, not just Apple’s iPhone.

The Associated Press contributed to this report.

You Might Also Like

Bipartisan Group of Senators Send Letter to Trump Urging Release of Pastor Held in China

Trump Signs Order to Preserve 2nd Saturday in December for Army-Navy Football

China ‘Usurps’ UN as Tool for Advancing Strategic Interests, Report Says

Key Takeaways From Intelligence Chiefs’ Testimony Before Congress

New Bill to Counter Forced Organ Harvesting Could Help Free China, Says ‘Killed to Order’ Author

TAGGED: Politics
Share This Article
Facebook Twitter Copy Link
Previous Article Mary Lou Retton’s Health: About Her Past Pneumonia Battle & More
Next Article Bitcoin Transaction Fees At Extremely Low Levels Amid Price Rally, A Bullish Signal?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Star Wars Zero Company Studio is All-In on Tactical Combat, but “Depth Doesn’t Cost You Elegance”
Gaming News
M5 Ultra Mac Studio Leaks: 8K Video and GPU Benchmarks
Tech News
4 Takeaways From the NCAA Men's Basketball Tournament Elite Eight
Sports
Oil Price Today (March 30): Oil jumps 3% to near $120 amid expectations of US ground offensive in Iran. What lies ahead?
Business
Lido DAO proposes $20M LDO buyback to reverse historic price fall
Crypto
Pokémon FireRed and LeafGreen were primarily designed for girls and the elderly
Gaming News
Cyprus: War-related tourism concerns and climate change efforts
Travel

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
March 28, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?