Trump says 'EU has been very unfair to us' as he announces 25% tariffs
Top trade officials for the bloc said they were interested in opening negotiations with the White House to strike mutually beneficial trade deals.
READ MORE : http://www.euronews.com/2025/02/19/trump-says-eu-has-been-very-unfair-to-us-as-he-announces-25-tariffs
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Top trade officials for the bloc said they were interested in opening negotiations with the White House to strike mutually beneficial trade deals.
READ MORE : http://www.euronews.com/2025/02/19/trump-says-eu-has-been-very-unfair-to-us-as-he-announces-25-tariffs
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00US President Donald Trump announced on Tuesday that he plans to impose 25% tariffs on auto
00:08imports as well as semiconductors and pharmaceuticals.
00:11It comes after he already announced the same rate on steel and aluminium imports.
00:17Trump has long railed against what he calls the unfair treatment of US automotive exports
00:22in foreign markets.
00:25The European Union collects a 10% duty on vehicle imports, four times the US passenger
00:31car tariff rate of 2.5%.
00:33You know, the EU has been very unfair to us.
00:36We have a deficit of $350 billion.
00:38They don't take our cars.
00:40They don't take our farm products.
00:42They don't take almost anything.
00:44They take very little.
00:46And we're going to have to straighten that out.
00:47And we will.
00:48I have no doubt about it.
00:49Trump claims the playing field is tilted against American companies as other countries usually
00:55tax American exports at a higher rate than America taxes theirs.
00:59But many economists that criticize the move argue that the additional tax on importers
01:04usually gets passed on to consumers.