Donald Trump threatened to ignite the era of trade war with new tariffs

Donald Trump said he would reach the European Union with tariffs, adding the group to a series of goals including Canada and Mexico, and put the United States and the largest trading partners into a new trade war together.

US presidents acknowledge that new tariffs may lead to “damage” in certain markets, but claim that they will help the country to eliminate their trade deficit.

Trump said to the reporter from the oval office: “Tariffs will make us very rich and very powerful.”

A few hours before he levied 25 % of the tariff plan for Canada and Mexico, Trump also expanded his threat, including the European Union, saying that the United States was “very bad”.

“Am I imposed tariffs on the European Union?.. Absolutely.” Trump said. He said: “They do not take our cars. In essence, they have not taken our agricultural products, and there are almost nothing.” “And we have a great deficit with the European Union. Therefore, we will make some very substantials for the EU. “Things.”

Less than two weeks after returning to the White House marked the sharp upgrade of his remarks on trade, which means that the world's largest economy is about to impose tariffs on its most important trading partners.

According to data from the customs database trade database, the United States imported from the European Union, Canada, Mexico and China in 2023, 1.9TN, accounting for about 60 % of the total.

The European Commission stated that “do not know any other tariffs on EU products” and say that tariffs have “caused unnecessary economic damage.”

Chief spokesman Paula Pinho said: “Our trade and investment relationship with the United States is the largest in the world.” important.”

Trump said he would also “final” tariffs on chips and “chip -related things”, and levied tariffs on tariffs on oil, natural gas, steel, copper, aluminum and drugs.

He said that tariffs for steel and aluminum may be “next month, next month”, and oil and natural gas tariffs will occur around February 18.

The US dollar's comment on Trump has been strengthened, leaving the currency index to 0.6 % of the six peers. The U.S. Petroleum -based Western Dhar's mid -level superior rose by more than 1 %, $ 73.81 per barrel.

Trump said he “may” reduce the tariffs of Canadian oil to 10 %, although other imports of the country will impose taxes at a tax rate of 25 %. So far, Canada is the largest foreign oil supplier in the United States, accounting for about 60 % of its crude oil imports.

President said that Canada has “nothing”, and Mexico can do it overnight to prevent him from imposing tariffs on imports.

Trump said: “This is not a tool for negotiations.” “This is a pure economy. As you know, we have a lot of deficits for these three.”

Economists say that comprehensive tariffs will be the inflation rate and can prevent the Fed from reducing the cost of lending according to expected expectations this year. Some central bank officials have begun to include Trump's policy in December predictions before taking office.

Among the largest trading partners in the United States, the largest trading partner has been reached with huge tariffs, which makes the risk of igniting a comprehensive trade war a few days after Trump's second term.

Both Canada and Mexico are prepared for retaliatory tariffs and are ready to implement. The European Union also said that, just like Trump's first term, it will be defended by revenge tariffs.

Canadian Prime Minister Justin Trudeau said on Friday: “We are ready to respond-purpose, powerful but reasonable, and direct response.” Liberals warned Canadians that the country “in the next few days and how many days will it be in the next few days and a few days later It may face difficulties during the week. “

Former Canada Treasury Secretary Chrystia Freeland urged Ottawa to increase huge taxes on Tesla cars to punish one of Trump's top ally, Elon Musk to the United States to the United States Tariffs retaliate.

Trump said his warning to economists stated that new tariffs would damage the US economy, or as the importers increased the cost of commodity costs to the cost of consumers.

He said: “Tariffs will not lead to inflation, and they will lead to success.”

But Democrats warned that many burdens would transfer to American consumers. Chuck Schume, a minority party leader of the Senate, said: “Donald Trump's goal is new tariffs on Mexico, Canada and China, but they may hit the American wallet.”

“If these tariffs can be fully effective, they will increase all products from groceries, cars to gasoline, making it more difficult for middle -class families to pass.”

Trump first threatened to attack Canada, Mexico and China with huge tariffs in November, accusing them of allowing illegal immigrants, and not enough to prevent illegal and fatal opioid drugs.

Washington's business lobbyters are worried about the impact of the US supply chain and the impact of commodity costs. I hope that the president will adopt a more gentle method without levying 25 % of taxation immediately.

Other choices include delayed tariffs to make the Canadian and Mexican government more time to negotiate with the Trump team on border security, or gradually introduce tariffs and increase tariffs over time.

Other reports from Haliyat Clafetter