European Union, tariff and Donald Trump
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Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
President Trump threatened a significant tariff hike on the European Union and Mexico, two of the largest U.S. trade partners, on Saturday. NBC News’ Yamiche Alcindor has more.
It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.
Trump slapped a 50% tariff on Brazil, and Brazilian President Luiz Inacio Lula da Silva said his country would respond.
President Donald Trump posted several more letters on social media on Wednesday, setting tariff rates ranging from 20% for products from the Philippines to 30% for products from Algeria, Iraq, Sri Lanka,
The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.