U.S. President Trump continued to target the European Union on Thursday, saying it had unequal trade relations.
“From an American perspective, the European Union treats us very, very unfairly and very poorly,” Trump said in a virtual speech from the World Economic Forum in Davos, Switzerland.
After being inaugurated on Monday, Trump’s second term has been a key topic in Davos this year – especially given his threat to impose trade tariffs on the European Union. China, Mexico, Canada and beyond.
Trump echoed earlier remarks in his Davos speech: “They make it very difficult to get products into Europe, but they want to sell in the United States, and they do sell their products in the United States. So, you know, we have hundreds of There is a multi-billion dollar deficit with the EU, no one is happy with that and we are going to do something about it.
“They basically don’t take our agricultural products, they don’t take our cars, but they send us millions of cars. They put tariffs on things we want to do… us on the EU,” he said continued.
trump card december says Unless EU officials express a willingness to increase purchases of U.S. oil and natural gas, the EU will face “full tariffs.”
He added on Thursday: “They want to be able to compete better, and when you can’t get through the approval process faster, you can’t compete. There’s no reason it can’t be faster… I’m trying to be constructive, Because I love Europe.
The United States is the largest recipient of EU goods, accounting for Accounts for nearly one-fifth of EU exports. USA’ largest trade deficit The trade surplus with the EU is mainly concentrated in the machinery and vehicle fields. By 2023, the trade surplus between the United States and the EU will reach 102 billion euros ($106 billion). it also has a The service trade surplus is huge.
European Central Bank President Christine Lagarde told CNBC earlier this week in Davos The EU must be “prepared” for US tariffs under Trump. She also said he was “very smart” in not imposing sweeping tariffs immediately… because a blanket tariff doesn’t necessarily give you the results you expect.”
Meanwhile, Spanish Prime Minister Pedro Sanchez told CNBC, A trade war is not in the interests of the EU or the USsaying that the economies of various countries are “closely connected.”
