Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Dublin: 22°C Saturday 13 August 2022

Trump claims EU has made it 'almost impossible' for US firms to trade

Meanwhile, the US is “subsidising” Europe militarily, he said.

Image: Alex Wong via Getty Images

US PRESIDENT DONALD Trump has lashed out at European Union trade rules, saying the bloc has made life near “impossible” for US firms and threatened to ramp up tariffs on imports into the US.

“The European Union has been particularly tough on the United States,” Trump said as he hosted Swedish Prime Minister Stefan Lofven at the White House.

“They make it almost impossible for us to do business with them, and yet they send their cars and everything else back into the United States.”

Meanwhile, the US is “subsidising” Europe militarily, he said.

“The European Union has not treated us well. And it’s been a very, very unfair trade situation.”

Trump, who has threatened to institute 25% import duties on steel from all foreign producers and 10% on aluminium, said he was not afraid of sparking a conflict over trade.

“When we’re behind on every single country, trade wars aren’t so bad,” he said.

The trade war hurts them. It doesn’t hurt us. So we’ll see what happens.

He warned that he was ready to ramp up import duties on European cars in the US, most of which come from Germany.

“They can do whatever they’d like. But if they do that, then we put a big tax of 25% on their cars and believe me, they won’t be doing it very long.”

Speaking after bilateral meetings in the White House, Lofven cautioned that open and free trade is “crucially important” for Sweden and the EU.

He noted that it is “very, very complicated to see” how global supply chains meld materials and inputs from many countries into a final product like a car or airplane.

“I know for example, when we start our aircraft, a very good aircraft, the content is American,” Lofven said.

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

He also pointed out that tariffs would come down hard on European factories even though they produce only about 10% of the steel in the world, while China produces about 50%, he said.

“I am convinced that increased tariffs will hurt us all in the long run,” he said.

“I, of course, support the efforts of the European Union to achieve trade with fewer obstacles and as few as possible.”

© AFP 2018

Read: Amazon’s Jeff Bezos is now the richest person in the world as Trump’s value drops by $400 million

More: Gardaí investigating sudden death of man in his 70s at home in Waterford

About the author:


Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel