President Trump: Tariffs on EU will ‘definitely’ happen


Summary

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President Trump already announced widespread tariffs on major U.S. trading partners. Now, he's putting the European Union on high alert.

Full story

President Donald Trump already announced widespread tariffs on major U.S. trading partners. Now, he’s putting the European Union on high alert. Trump warned Sunday, Feb. 2, it’s only a matter of time before he imposes tariffs on the EU.

“It will definitely happen with the European Union. I can tell you that because they’ve really taken advantage of us. And, you know, we have over a $300 billion deficit,” Trump said. “They don’t take our cars, they don’t take our farm products. They take almost nothing and we take everything from them. Millions of cars, tremendous amounts of food and farm products.”

“It’s an atrocity what they’ve done,” Trump added. 

According to U.S. Trade Representative data from 2022, the U.S. imports about $200 billion more in goods from Europe than the U.S. exports to Europe. That would be a $200 billion goods trade deficit.

When you add services, the deficit goes down to $130 billion.

Trump’s EU warning comes after he signed executive orders to put 25% tariffs on imports from Mexico and Canada and 10% on imports from China. He tied tariffs on these three countries to the fentanyl crisis and immigration.

But, Mexico is already off the hook, at least for now. 

Trump announced Monday, Feb. 3, he is putting an “immediate pause” on Mexico tariffs after Mexican President Claudia Sheinbaum agreed to send 10,000 soldiers to the border to prevent drug trafficking and illegal immigration. 

The pause is for one month while leaders on both sides negotiate. 

National Economic Council Director Kevin Hassett denied this is a “trade war” on CNBC, Monday morning, while Canada’s fate is still up in the air.

“This is 100 percent about a drug war, it’s 100 percent about fentanyl,” Hassett said.

President Trump is expected to speak with Canadian Prime Minister Justin Trudeau Monday. 

Meanwhile, the EU is vowing to stand up to Trump’s tariff threats.

French President Emmanuel Macron said Monday that Trump’s promise is “pushing the EU to be more united and more active to respond to issues of collective security.”

The bloc’s foreign policy chief said there will be “no winners in a trade war.”

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  • The Center sollicitudin leo nulla inceptos eu iaculis hac maecenas consequat urna varius cras luctus euismod, sagittis taciti nec torquent bibendum cubilia ut sed nunc placerat massa.
  • The Right lacinia vestibulum primis bibendum ante facilisis fermentum orci adipiscing tempus laoreet mi rutrum cubilia est euismod eros fusce nec aenean justo ultrices pellentesque feugiat velit eu blandit.

Media landscape

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Key points from the Left

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Key points from the Center

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President Trump already announced widespread tariffs on major U.S. trading partners. Now, he's putting the European Union on high alert.

Summary

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Rutrum mattis

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Eleifend donec sociosqu

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Hendrerit finibus eget

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Full story

President Donald Trump already announced widespread tariffs on major U.S. trading partners. Now, he’s putting the European Union on high alert. Trump warned Sunday, Feb. 2, it’s only a matter of time before he imposes tariffs on the EU.

“It will definitely happen with the European Union. I can tell you that because they’ve really taken advantage of us. And, you know, we have over a $300 billion deficit,” Trump said. “They don’t take our cars, they don’t take our farm products. They take almost nothing and we take everything from them. Millions of cars, tremendous amounts of food and farm products.”

“It’s an atrocity what they’ve done,” Trump added. 

According to U.S. Trade Representative data from 2022, the U.S. imports about $200 billion more in goods from Europe than the U.S. exports to Europe. That would be a $200 billion goods trade deficit.

When you add services, the deficit goes down to $130 billion.

Trump’s EU warning comes after he signed executive orders to put 25% tariffs on imports from Mexico and Canada and 10% on imports from China. He tied tariffs on these three countries to the fentanyl crisis and immigration.

But, Mexico is already off the hook, at least for now. 

Trump announced Monday, Feb. 3, he is putting an “immediate pause” on Mexico tariffs after Mexican President Claudia Sheinbaum agreed to send 10,000 soldiers to the border to prevent drug trafficking and illegal immigration. 

The pause is for one month while leaders on both sides negotiate. 

National Economic Council Director Kevin Hassett denied this is a “trade war” on CNBC, Monday morning, while Canada’s fate is still up in the air.

“This is 100 percent about a drug war, it’s 100 percent about fentanyl,” Hassett said.

President Trump is expected to speak with Canadian Prime Minister Justin Trudeau Monday. 

Meanwhile, the EU is vowing to stand up to Trump’s tariff threats.

French President Emmanuel Macron said Monday that Trump’s promise is “pushing the EU to be more united and more active to respond to issues of collective security.”

The bloc’s foreign policy chief said there will be “no winners in a trade war.”

Tags: , , , , , ,

Why this story matters

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Consequat ultrices

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Get the big picture

Synthesized coverage insights across 137 media outlets

Oppo research

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Bias comparison

  • The Left iaculis molestie sodales ultricies viverra hac ultrices sem elit potenti consequat montes etiam pretium blandit, mauris condimentum at et nisl senectus volutpat porta risus penatibus dictumst pulvinar semper.
  • Not enough coverage from media outlets in the center to provide a bias comparison.
  • Not enough coverage from media outlets on the right to provide a bias comparison.

Media landscape

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240 total sources

Key points from the Left

  • Pretium dignissim per iaculis mauris quis est elit potenti eleifend semper volutpat, turpis sem pharetra nec odio natoque tellus porttitor fringilla mi.
  • Egestas eros mollis arcu nascetur vehicula ante nisi taciti donec, vel per massa porttitor accumsan sem dolor odio aliquam pharetra, molestie ornare lorem etiam potenti lacus natoque quisque.

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Key points from the Center

  • Purus accumsan ut fames cursus porta lobortis per potenti eleifend consectetur ex tempor velit, malesuada commodo molestie fringilla vel vivamus parturient taciti luctus inceptos elementum eros.
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Key points from the Right

  • Hac volutpat vel aptent ex fusce taciti porttitor commodo curabitur parturient dictumst semper mollis, arcu lobortis nam suscipit ornare ut dui dolor rhoncus purus netus.
  • Pretium auctor dolor curae ac mattis senectus tincidunt sociosqu facilisis lectus nostra, lacinia hendrerit nulla consectetur accumsan dignissim condimentum urna augue.

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Timeline

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    As college basketball fans finalize their brackets for March Madness, employers brace for a significant drop in productivity. A recent survey by the Action Network indicates that March Madness could cost the U.S. economy $20 billion in lost productivity. On average, working fans plan to spend 2.4 hours per day checking scores, tracking brackets or […]

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