Trump is imposing tariffs on Europe this time
The new US President Donald Trump is taking one tough decision after another. After imposing 25 percent tariffs on Canada and Mexico, he has said that this time his target is the European Union. He has already announced a reduction in aid to South Africa. This information is known from a report by the US news outlet CNN.
Trump said that he is going to impose tariffs on the EU very soon. He says that it will be very difficult. It will be difficult. But he will have to accept this difficult situation for the results that will come.
On Truth Social, he said that land is being confiscated in South Africa and certain classes of people are being treated badly. The United States will not accept this in any way, it will take action against it. Therefore, all types of aid in the future will be stopped until a full investigation is carried out against it.
According to recent government data, the United States will provide 440 million dollars in aid to South Africa in 2023.
Regarding the EU, Trump said, “They (the European Union) have really taken advantage of us. We have a deficit of over $300 billion. They don’t take our cars, they don’t take our agricultural products. They take almost nothing. But we take everything from them – millions of cars, a lot of food and agricultural products.’
That’s why he wants to impose tariffs on Europe. But he has not given any indication of when he will take this step.
Analysts say that Trump’s ‘trade war’ will damage the US economy and could increase the price of goods around the world.
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