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US Tariffs: New Challenges for the EU

The US President announced plans to impose tariffs on EU products to address trade deficits.

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The President of the United States, Donald Trump, has announced his intention to impose tariffs on products from European Union countries.

Source: Trump, responding to reporters' questions at a press briefing in the White House, cited "Public Broadcasting"

Direct quote: "Am I going to impose tariffs on the EU? Do you want an honest answer or a political one? Absolutely. The EU has treated us terribly".

"They do not buy our cars. They do not accept our agricultural products. Essentially, they take almost nothing. We have a significant trade deficit with the EU. So we will take substantial action regarding the EU".

Details: Trump explained that imposing tariffs on EU products would help the US rectify its trade deficit situation.

Reminder: The United States plans to introduce tariffs on imports from Canada, China, and Mexico starting February 1, as announced by Trump.

Trump previously asserted that his administration would impose 25% tariffs on imports from Mexico and Canada, starting February 1, which is tomorrow.

Canadian Prime Minister Justin Trudeau stated that Ottawa is prepared to respond to the tariffs but warned that the country faces "difficult times" ahead.